FTX, a defunct crypto exchange, is embroiled in a legal battle as creditors prepare to vote on bankruptcy wind-down payments. Bankruptcy and class action lawyers are in a feud over control of billions of dollars in claims. Creditors are deciding between cash or crypto payouts.
FTX bankruptcy lawyers won a fight against class-action attorneys who are battling the defunct crypto company over a possible $400 million in legal fees https://t.co/82aJhBf1jv
🚨 #FTX creditors are set to vote on whether they prefer their recovered funds in cash or crypto. Creditors want payouts in crypto due to the market's growth since the collapse. However, FTX argue that cash payouts align with bankruptcy laws and avoid capital gains tax.
Lawyers debate FTX's reorganization plan in bankruptcy court as creditors gear up to vote on next steps https://t.co/GmW44J6Zp0
A tussle is underway for control of billions of dollars in claims arising from the 2022 implosion of the crypto exchange FTX. The dispute is pitting bankruptcy lawyers in Delaware against class action attorneys in Miami. Read @AlisonFrankel's latest column https://t.co/UOgmYiezsi https://t.co/FvPH5PDt9U
In FTX litigation, feud escalates between bankruptcy and class action lawyers, writes @AlisonFrankel in her latest column https://t.co/UOgmYif7hQ https://t.co/KlfSLDRne7
FTX seeks creditor votes on bankruptcy wind-down payments - Reuters https://t.co/baHz2F5qWz