Quote from: Natalim on Today at 09:44:52 PM

Quote from: adaseb on April 12, 2023, 05:46:46 PM

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).

People would be more trusting on them or would really be get convinced if they would decide to publish or disclose out on how they do able to get back that $7.3B asset which is something that mind boggles me if

it was in one go or in accumulation kind of type when it comes to getting those funds back.Some do say that it was really planned since from the start? We dont know on what actually those plans or intents.
People do mostly focused on what they have done recently and this is the result on why FTT did make out some pump which its not shocking that much.

The only issue or question on here is that, will people would really be that still trusting them up again after all the things that happened?