
FTX Cleared to Repay Billions to Customers After Bankruptcy Plan Approval
FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using up to $16.5 billion (roughly Rs. 1,38,550 crore) in assets recovered since the once-leading crypto exchange collapsed. US Bankruptcy Judge John Dorsey approved the wind-down plan at a court hearing in Wilmington, Delaware, saying FTX’s success made it…