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

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.

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

A U.S. bankruptcy court approved FTX's reorganization plan, paving the way for full repayment to creditors using $16 billion in recovered assets.

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

An unusual result that could net shareholders in Sam Bankman-Fried’s fraud-tainted exchange a slice of $1 billion in seized assets.