Creditors of bankrupt crypto exchange FTX are now faced with the option of receiving their assets in cash or crypto. 🤔

The package and ballot papers required for creditors to express their preferences were approved by Judge John Dorsey. The voting deadline is August 16, and a decision will be made in early October.

FTX plans to pay creditors the US dollar value of their crypto assets when the exchange collapses. Although creditors lost about $11 billion when FTX went bankrupt, consolidated funds and asset sales have raised more than $16 billion.

However, the significant growth of the crypto market in the past 20 months has made some creditors feel it is unfair that they only received the cash value of their assets when exchanges collapsed. However, FTX's attorneys argued that the plan complies with bankruptcy law.

What do you think about this? Do you agree with the FTX payment plan? Share your opinion in the comments column! 😊