Bankrupt cryptocurrency exchange FTX said it plans to repay former customers in full even though it has abandoned plans to restart the exchange. 

"We currently anticipate that we will have sufficient funds to pay all allowed customer and creditor claims in full," FTX lawyer Andrew Dietderich told a judge on Wednesday during a hearing.

FTX, which was once led by former CEO Sam Bankman-Fried, filed for bankruptcy in late 2022. Bankman-Fried was found guilty of defrauding customers, lenders, and investors of FTX a year later.

Dietderich also said FTX does not plan to re-start the platform. 

Businesses FTX bought for hundreds of millions of dollars proved to have little value, and there are not many interested buyers, the lawyer said.

No investors

"A related disappointment is …