FTX received court approval of its bankruptcy plan, which will allow it to fully repay customers using up to $16.5 billion in assets recovered.

NEW YORK: FTX received court approval of its bankruptcy plan on Monday (Oct 7), which will allow it to fully repay customers using up to US$16.5 billion in assets recovered since the once-leading crypto exchange collapsed.  US Bankruptcy Judge John Dorsey approved the wind-down plan at a court hearing

NEW YORK : FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using $16 billion in assets recovered since the once-leading crypto exchange collapsed. U.S. Bankruptcy Judge John Dorsey approved the wind-down plan at a court hearing in Wilmington, Dela

A Delaware bankruptcy judge approved FTX's reorganization plan almost two years after the crypto exchange spiraled into bankruptcy.

Collapsed crypto exchange FTX was given the green light Monday to execute its bankruptcy plan following nearly two years of recovery efforts.