Troubled cryptocurrency exchange FTX‘s native token FTT (CRYPTO: FTT) is up 96% in the last 24 hours, as news emerged that the exchange may be considering restarting in the future.
What Happened: According to the legal team that represents FTX’s debtors, the cryptocurrency firm has recovered around $7.3 billion in liquid assets as of an April 12 hearing in the United States Bankruptcy Court for the District of Delaware.
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The team also claimed that FTX may restart its crypto exchange operations in the second quarter of 2024.
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Earlier, FTX’s CEO John Ray had expressed interest in reviving the bankrupt exchange in a January interview.
Price Action: At the time of writing, FTX was trading at $2.57, an increase from the $1 range it had primarily occupied since its bankruptcy filing.
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