Dear Readers,

We cannot forget one of the largest crypto exchanges based at FTX and its collapse in November last year. 

This collapse has shattered the entire crypto market worldwide.

FTX founder Sam Bankman-Fried has been found guilty of fraud and he was charged for his role in the collapse of the FTX exchange. He was later convicted by the court for his biggest financial fraud in this crypto industry. 

Many investors and trades have lost faith in crypto exchanges and there were blood bath all over the crypto markets. 

Millions of dollars of crypto investments have been wiped out in the market and many investors have taken away their investments from the crypto markets as well. 

It is again the news of FTX is on the cards that FTX has made a plan to settle billons of dollars to the creditors and customers. 

This plan will be sent to all the creditors and customers for their approval.

Upon the approval, this plan will finally be brought to the US Court of Bankruptcy for approval. 

It is not sure as of now that post the approval of the plan, whether FTX exchange will commence its operations.

Anyhow, those including the investors and customers who have lost their money in FTX would be happy to get their money back with this FTX plan. 

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