US Court Approves FTX Bankruptcy Plan

- A US court has approved FTX's bankruptcy plan, which will see most customers compensated for more than their losses in 2022.

- Customers can expect to receive up to 140% of their assets' value at the time of bankruptcy.

- Judge John T. Dorsey dismissed objections, including demands for in-kind cryptocurrency returns.

- The price of the FTT token has risen 55% since the plan was approved.

- Payments will be made in cash, with discussions about stablecoins possible.