Sunil Kavuri, a representative of the largest FTX creditor group, has recommended voting against the bankrupt crypto exchange’s reorganization plan.

“Vote NO to the plan,” Kavuri posted on X early Wednesday.

Kavuri maintained his view that the estate should pay out cryptocurrencies in kind rather than the dollar value when the exchange filed for bankruptcy. He argued that the debtors owe FTX customers up to ten times more than the petition prices, claiming that they have “destroyed an estimated over $10 billion” in value for FTX creditors.

FTX's debtors have been criticized previously for their handling of the estate's assets. For instance, they sold a stake in Mysten Labs and token warrents for the Sui token for $96 million shortly before the token went live. These days, the tokens …