As crypto prices have risen, much more pressure has been placed on the FTX bankruptcy process.

The core tension is whether customers are paid out in the crypto they supposedly had at the exchange or in an equivalent dollar value. So far, FTX’s bankruptcy lawyers have steamrolled ahead with dollarized claims. Yet with bitcoin breaking new highs, ether retesting old ones and solana rallying hard, customers are unsurprisingly asking the question: Why shouldn’t they be paid out in crypto?

It’s certainly been done in other bankruptcy proceedings. While Mt Gox’s process has taken a decade, the plan is to repay creditors in a combination of bitcoin and fiat currency. More recently, BlockFi has repaid creditors in crypto and Celsius is set to follow. While the FTX estate might argue that it …