FTX debtors revealed during a hearing on April 12th that the restructuring team has collected $7.3 billion in liquid assets. The exchange is currently considering a relaunch, according to a lawyer representing the defunct cryptocurrency exchange. Following the announcement, the exchange’s token, FTT, increased by over 70%, rising from $1.30 to $2.35 per unit. Lawyers Say FTX Is Considering a Reboot Lawyers representing FTX debtors recently told the U.S. bankruptcy judge that they have been discussing the possibility of relaunching the exchange. Andrew Dietderich of Sullivan & Cromwell stated that there are various opinions being deliberated regarding the matter. The
At a recent hearing in Delaware, it was announced the now defunct crypto exchange FTX – which fell apart in November of last year – has recovered more than $7.3 billion in assets at the time of writing. This is an increase of more than $800 million since the month…