

Will FTX pay heavy taxes on cash repayments? Creditors' lawyers demand repayment in cryptocurrency
FTX Reorganization Team Will Vote U.S. Bankruptcy Judge John Dorsey held a hearing on the disclosure statement and voting procedures on Tuesday. Attorney Andrew Dietderich, who represented FTX in the bankruptcy proceedings, said that the repayment plan was basically agreed upon by both parties, and the restructuring team contacted There were no objections from any of the major stakeholders, so FTX plans to seek a vote from creditors to obtain creditor feedback. However, the final result may still be dominated by the judge’s decision. Even if creditors object to the current compensation plan, it may not be overturned; and currently, it seems that the FTX liquidation team should have reached an agreement with relevant major stakeholders and is confident that it can Win the vote. Lawyers for
creditors demand repayment in the form of cryptocurrency. David Adler, a lawyer representing three creditors, said that the disclosure statement was "grossly inadequate" and disputed that the creditors were paid in cash instead of cryptocurrency. David Adler pointed out that his clients generally have a strong desire to receive compensation in the form of cryptocurrency. Otherwise, according to US tax laws, if creditors receive compensation in cash instead of cryptocurrencyin kind, they will face huge taxes: I don’t quite understand. What are the logistical issues why this cannot be done (repayed in kind), but distributing it in kind rather than cash would save a lot of money for those who may face a tax bill. In this regard, John Dorsey said that this is an issue that needs to be confirmed and can be raised later. The next hearings will be held on July 17 and August 15.
The above is the detailed content of Will FTX pay heavy taxes on cash repayments? Creditors' lawyers demand repayment in cryptocurrency. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics











The top ten cryptocurrency exchange apps are: 1. Binance, 2. OKX, 3. Huobi, 4. Coinbase, 5. Kraken, 6. Bybit, 7. KuCoin, 8. Gemini, 9. Bitstamp, 10. Crypto.com. Each platform has its own unique advantages and features, and users can conduct cryptocurrency transactions by downloading apps, registering and completing verification, depositing, selecting transaction pairs and confirming transactions.

In the field of cryptocurrency trading, the security of exchanges has always been the focus of users. In 2025, after years of development and evolution, some exchanges stand out with their outstanding security measures and user experience. This article will introduce the five most secure exchanges in 2025 and provide practical guides on how to avoid Black U (hacker attacks users) to ensure your funds are 100% secure.

In the cryptocurrency market, choosing a reliable trading platform is crucial. As a world-renowned digital asset exchange, the OK trading platform has attracted a large number of novice users in mainland China. This guide will introduce in detail how to register and use it on the OK trading platform to help novice users get started quickly.

Ranking of the top ten digital currency quantitative trading apps: 1. Binance, 2. OKX, 3. Huobi, 4. Coinbase, 5. Kraken, 6. Bitfinex, 7. Bittrex, 8. Poloniex, 9. Gemini, 10. KuCoin, these platforms provide high security and good user experience, and the steps to use include downloading and installing, registering an account, enabling two-step verification, and depositing and trading.

In cryptocurrency markets, altcoins are often seen by investors as potentially high-return assets. Although there are many altcoins on the market, not all altcoins can bring the expected benefits. This article will provide a detailed guide for investors with zero foundation, introducing the 5 altcoins worth hoarding in 2025, and explaining how to achieve the goal of making a 50x steady profit through these investments.

Exchanges such as Binance, Coinbase, KuCoin, OKEx and Uniswap support a variety of meme currency transactions, such as DOGE, SHIB, FLOKI and BABYDOGE. Users can choose the appropriate platform according to their needs.

Ranking of the top ten digital virtual currency trading apps in 2025: 1. Binance: Leading the world, providing efficient transactions and a variety of financial products. 2. OKX: It is innovative and diverse, supporting a variety of transaction types. 3. Huobi: Stable and reliable, with high-quality service. 4. Coinbase: Be friendly for beginners and simple interface. 5. Kraken: The first choice for professional traders, with powerful tools. 6. Bitfinex: efficient trading, rich trading pairs. 7. Bittrex: Safety compliance, regulatory cooperation.

Top 10 digital currency exchange platforms: 1. Binance, 2. OKX, 3. Huobi, 4. Coinbase, 5. Kraken, 6. Bitfinex, 7. Bittrex, 8. Poloniex, 9. KuCoin, 10. Gemini, these exchanges adopt multiple security measures to provide a good user experience and a wide range of trading pairs and reasonable fee structures.