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FTX says it will repay investors after the cryptocurrency exchange\u2019s collapse led to the loss of billions of dollars. During a court hearing<\/a> on Wednesday, FTX lawyer Andrew Dietderich said the company expects to \u201chave sufficient funds to pay all allowed customer and creditor claims in full.\u201d<\/p>\n<\/div>\n The company will recompense customers based on the price of the cryptocurrency they purchased as of November 2022 \u2014 when the exchange filed for bankruptcy. There are still some challenges associated with getting the lost funds back to customers, though, as Dietderich notes the company will need to comb through all the claims to determine whether they\u2019re legitimate.<\/p>\n<\/div>\n \u201cI would like the court and stakeholders to understand this not as a guarantee, but as an objective,\u201d Dietderich said. \u201cThere is still a great amount of work and risk between us and that result, but we believe the objective is within reach, and we have a strategy to achieve it.\u201d<\/p>\n<\/div>\n Dietderich also said the company no longer has plans to reboot the exchange, something that was rumored<\/a> last year. \u201cThis hopefully puts to bed the alternative narrative that this business was just fine all along,\u201d Dietderich says. \u201cIt was an irresponsible sham, created by a convicted felon.\u201d<\/p>\n<\/div>\n