FTX Recovers $7.3B in Assets, Considers Exchange Restart.
TL;DR Summary
Attorneys for bankrupt cryptocurrency exchange FTX have reported that the company has recouped over $7.3 billion in cash and cryptocurrency assets, up by more than $800 million from January's recovery stats. With its growing coffers, FTX's new leadership is considering restarting the exchange, but it remains unclear whether the company should use its own funds to repay customers or restart the exchange. FTX disappeared about $9 billion in customer funds, and U.S. depositors have yet to see any of that money returned to them.
- 'The Dumpster Fire Is Out:' Attorneys for Bankrupt FTX Consider Restarting Exchange Gizmodo
- FTX attorney says $7.3B in assets recovered: 'Dumpster fire is out' New York Post
- FTX has recovered $7.3B in assets, bankruptcy lawyer says Fox Business
- $7bn FTX cryptocurrency assets recovered, lawyers say - BBC News BBC News
- FTX’s Bankruptcy Lawyers: ‘The Dumpster Fire Is Out’ CoinDesk
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