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.

FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that.

Inside the last moments before FTX collapsed: ‘Holy s–t, the company is probably broke’ By Thomas Barrabi Published Sep. 24, 2023, 12:48 p.m. ET ...

FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using up to $16.5 billion in assets recovered since the once-leading crypto exchange ...

FTX said in recent court filings that 98% of its customers will be able to receive full repayment within 60 days of a bankruptcy court approval of its wind-down plan.

FTX, which filed for bankruptcy protection in November 2022, said in a court filing that between $14.5 billion and $16.3 billion would be available for distribution.

London (CNN) — FTX has recovered enough assets to pay most of its creditors back in full, the failed crypto exchange said late Tuesday as it unveiled a proposed reorganization plan.

When FTX fell, the crypto market was in the doldrums, but it has since rebounded. The value of bitcoin, for example, has risen from roughly $16,000 in November 2022 to more than $40,000 per coin.

FTX says most customers affected by the cryptocurrency exchange’s collapse will get all their money back. Bankruptcy lawyers for the fallen firm say they’ve collected assets valued at up to ...