Summary
- FTX received court approval of its bankruptcy plan to repay customers with up to $16.5 billion in recovered assets.
- The plan prioritizes repaying customers over paying government fines and tax debts.
- Founder Sam Bankman-Fried was sentenced for stealing customer funds, leading to FTX’s collapse.
- Customers expressed disappointment over missing out on crypto price rebound since FTX’s demise.