BlockFi has been approved by the U.S. court to fully repay customer funds.

Foresight News reported that according to Finance Feeds, the bankrupt crypto lending institution BlockFi has been granted approval by the US Bankruptcy Court in New Jersey to repay its clients and unsecured creditors in full. The cryptocurrency lending firm sought court approval to monetize FTX's $874.50 million debt at a significantly higher amount than the face value, and the court's approval means that clients can now receive a full refund of their assets. The company stated that the work to distribute assets to US clients may begin within 90 days. However, due to regulatory challenges, international clients may need to wait longer.