KEY POINTS
- Judge Dorsey said the FTX estate's handling of the crypto exchange's collapse is a 'model case'
- Ray said FTX is poised to return 100% of the bankruptcy claim amounts
- There were mixed reactions to the development, with some asking whether customers will get the amount they 'deserve'
Nearly two years since its stunning collapse that triggered an arduous crypto winter, cryptocurrency exchange FTX has been cleared to proceed with its bankruptcy plan, allowing the fallen exchange to fully repay customers up to $16.5 billion in digital assets recovered since November 2022.
