U.S. District Judge John Dorsey approves FTX’s reorganization plan, paving the way for the distribution of $16 billion to customers of the exchange. 

The judge approved the plan yesterday during a Monday hearing in the U.S. Bankruptcy Court for the District of Delaware. Notably, Judge Dorsey praised the plan as a model way of handling Chapter 11 bankruptcies like the FTX case. 

It bears mentioning that 94.48% of FTX Dotcom creditors voted in support of the plan before it was submitted to Judge Dorsey for approval.  

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