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.
That's good news for all those who trusted FTX before that they couldn't withdraw or get back their money they invested there. I hope they all recover their investments in ftx.
The only question is, is there a plan to refund the capital that FTX defrauded their customers worth millions of dollars? I hope so, so that the victims can breathe easy, because FTX caused so much pain to them.