FTX is set to initiate payouts totaling $11.4 billion to its creditors in May, marking a significant development after a lengthy bankruptcy struggle that began in late 2022. The decision follows a court-approved plan aimed at distributing assets to customers and creditors who lost funds during the collapse of the cryptocurrency exchange. This payout is a critical step in the ongoing efforts to resolve the financial fallout from FTX's bankruptcy, exacerbated by its former CEO's alleged misconduct and poor management practices. Stakeholders hope that this payout will bring some financial restitution to the involved parties, although it remains uncertain how this will impact the broader cryptocurrency market. The FTX bankruptcy saga continues to unfold, and this milestone in creditor payouts is anticipated to influence recovery strategies for other entities within the sector.

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