Good news today from the FTX lawyers. They said that over $7.3B has been recovered and they are considering actually rebooting the exchange somewhere in the Q2.
FTT is rallying over 40% on this news, almost topping $2.
The only issue with this is that if assets such as SOL drop back down to <$10 then obviously they won't have $7.3B anymore. Since their largest holding is SOL with owning over 10% of the supply. Either way its a good win since many will get some of their assets back at least. Hopefully this wont be another MtGox which took over a decade.
You would know into those people who had bought FTT would be seeing this as an opportunity to make profits and not actually those users or supporters but its good to see about on the retrieval of those funds
which those affected users would be able to get on what they do own. Considering on restarting? I dont know if they would really be still to get the same trust before the hack which we know that
once an exchange does have that hacking incident or history then restoring up 100% trust is something impossible but lets see on what would happen ahead
because we know that doubts and anxiety would really there which i couldnt blame it out.