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TechFlow news, Sunil Kavuri, representing the largest group of FTX creditors, has recommended opposing the reorganization plan of the bankrupt cryptocurrency exchange FTX. He believes that bankruptcy liquidation should be paid in cryptocurrency rather than in dollar value.
He criticized the debtors' misconduct in handling assets and referenced the lawsuit against law firm Sullivan & Cromwell.
Sunil Kavuri, representing the largest group of FTX creditors, recommended opposing the reorganization plan of the bankrupt cryptocurrency exchange FTX. He argued that bankruptcy distributions should be paid in cryptocurrency rather than in U.S. dollar value. He criticized the debtors' misconduct in handling assets and referenced the litigation against law firm Sullivan & Cromwell.
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