Asia Tech Wire (Oct 8) -- U.S. Bankruptcy Court Judge John Dorsey in Delaware ruled on Monday to approve bankrupt cryptocurrency exchange FTX's cash repayment plan.

FTX will repay its customers in full through recovered assets, which could amount to as much as $16 billion.

And 98% of creditors were allowed to receive 118% of their claims in cash.

However, some FTX customers had previously advocated for repayment through cryptocurrency, which would give them access to the appreciation of their digital assets.