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The Guardian - UK

Business

Alex Hern UK technology editor

FTX could be revived as more customers’ funds recovered, say lawyers

FTX United States Cryptocurrency QuickBooks Sam Bankman-Fried Crypto

FTX founder Sam Bankman-Fried arrives at the US federal courthouse in New York City on March 30, 2023 — FTX founder Sam Bankman-Fried faces charges over collapse of the cryptocurrency exchange. Photograph: Ed Jones/AFP/Getty Images

The defunct cryptocurrency exchange FTX has recovered $7.3bn (£5.8bn) of customer funds and could be restarted as a going concern as soon as next year, the company’s lawyers have said.

“The situation has stabilised, and the dumpster fire is out,” its attorney Andy Dietderich said during a hearing at a Delaware bankruptcy court.

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