FTX received court approval of its bankruptcy plan on Monday, which will allow it to fully repay customers using up to $16.5 billion in assets recovered since the once-leading crypto exchange collapsed.

This move marks a significant milestone for the FTX exchange, and it will see 98% of its creditors get 118% of their claim amounts.

Brian Glueckstein, an attorney for the FTX estate and a partner at Sullivan & Cromwell, argued Monday that the correct valuation of the FTT tokens held by creditors was, in fact, zero, and there was “no basis” for a revision to this decision.