BlockFi receives approval from the U.S. court to fully repay customer funds.

According to Finance Feeds, the bankrupt crypto lending institution BlockFi has been approved by the US Bankruptcy Court in New Jersey to repay its customers and unsecured creditors in full. The process of distributing assets to US customers may begin within 90 days, while international customers may have to wait longer. Previously, BlockFi reached a preliminary settlement of $874.50 million with FTX and Alameda Research in March.