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.
One thing that most FTX customers hope to get their money back and investors who buy FTT coins I hope that the increase can reduce the burden of loss, I also hope that this is not the next Mt Gox which may still collect a lot of funds.
But if they start activities like they used to before FTX was destroyed, I think it will not be effective and the most important thing is the trust in them I think almost 99% is lost from their main community, if you think the FTX foundation can turn things around in my opinion that is not Possible.