The FTX bankruptcy plan has been approved, promising a remarkable 119% cash return to creditors. However, this development is not without its challenges. Sunil Kavuri, the spokesperson for the leading creditor group, has brought attention to potential tax complications that arose from the 2022 bankruptcy filing.
This unprecedented cash return figure has stirred discussions regarding its feasibility and longer-term financial implications. Creditors are optimistic about the return, but the looming tax concerns could impact the overall satisfaction and effectiveness of the payout.
