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FTX Bankruptcy Plan Approved on $16.5B
- The U.S. Bankruptcy Judge John Dorsey has approved the FTX bankruptcy plan, which assumes compensation of $16.5 billion.
- The plan gives priority to small investors with account balances of $50,000 and less.
- Non-government creditors may receive up to 119% of their claims under the approved plan.
- Payouts are expected to start within 60 days of the plan's official launch date.
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