FTX has received court approval for a payout plan to return up to $12 billion to its creditors. The repayment will occur gradually, with an initial disbursement expected by December, starting with $1.1 billion. This news is seen as a positive development for the struggling cryptocurrency market, potentially improving Bitcoin liquidity and overall market performance. The payout follows FTX's Chapter 11 bankruptcy and allegations of fraud against its former CEO, Sam Bankman-Fried. Analysts believe the return of funds will significantly benefit both creditors and the wider crypto industry.