FTX Could Relaunch In Some Form, Says Bankruptcy Attorney

There is a growing hope among token holders that failed crypto exchange FTX could come back from the dead, driven in part by comments at the firm’s latest bankruptcy hearing. Investors shouldn’t hold their breath.

On Wednesday afternoon, FTX attorney Andrew Dietderich of Sullivan & Cromwell told the court that the firm had recovered $7.3 billion in cash, crypto and other assets that could go to stakeholders. But more than that, he said the exchange’s bankruptcy estate was exploring a relaunch.