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FTX recovers $7.3 billion in cash and crypto assets

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The company is now starting to think about its future, and considering rebooting the crypto exchange

Bankrupt crypto exchange FTX has managed to recover over $7.3 billion in cash and liquid crypto assets.

The company is now starting to think about its future after months of collecting resources.

FTX has benefited from rising cryptocurrency prices, which has seen the value of the recovered amount increase by over a billion dollars in value.

The organisation is also negotiating with stakeholders for options for restarting its crypto exchange.

“There are possibilities that customers could have an option to take part of their proceeds that they would otherwise receive in cash from the estate and receive some kind of an interest in the exchange going forward,” FTX Attorney Andy Dietderich said.

A timeline for the reboot has not been given.

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