A U.S. judge has approved a bankruptcy plan allowing FTX customers to soon recover their funds, nearly two years after the collapse in 2022. The plan, authorized by Judge John Dorsey, will distribute $16 billion that has been recovered through settlements since FTX's collapse amid a liquidity crisis. FTX, once a leading crypto platform, was led by co-founder Sam Bankman-Fried, who is currently serving a 25-year prison sentence for fraud and mismanagement, though his legal team has filed an appeal. Source: Decrypt
