Breaking News: FTX recovers $7.3 billion in the case, considering resuming operations in the second quarter of next year, FTT surges.

The bankrupt exchange FTX has recovered assets worth $7.3 billion and is considering resuming operations in the second quarter of next year.

FTX Recovers Over $7.3 Billion

According to a report from Reuters, FTX has recovered over $7.3 billion in cash and cryptocurrency assets to date, with an increase of over $800 million since January.

FTX's lawyer, Andy Dietderich, stated at a hearing in Delaware that under the leadership of the former co-founder Sam Bankman-Fried, after months of effort to collect resources and identify issues, the company is now considering its future. The global news information account @DeItaone also mentioned that FTX is considering restarting operations in the second quarter of next year.

Learn more about the discussion and timeline for FTX's restart: FTX Restarting Operations? Plan to be Submitted in July, Confirmed for Q2 Next Year

FTX Rumored to Resume Operations in Q2, FTT Skyrockets

Following the news, the FTX platform token FTT surged from $1.3 to over $2 within an hour, with subsequent gains exceeding 100%.