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.
It was too early to believe this news, they might fool us or not.
Well, the good thing they do is to prove that they are still capable enough as trust can't easily to build up when it was ruined already. We can put MtGox as an example and we should not have to trust easily the exchange that had bought disease to the crypto world. They should have to work hard and show us that they we're safe otherwise, nobody can afford to risk with them back (and lose money again).