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FTX Recovers $7.3 Billion in Lost Funds

The bankrupt crypto exchange FTX is said to have recovered $7.3 billion in funds according to Andy Dietderich the attorney representing the collapsed company during a U.S. bankruptcy court hearing on Wednesday. 

The recovered amount is a substantial increase over the $800 million that was recovered before, giving customers hope that they may soon see their assets returned to them following poor executive decisions and alleged fraud committed by Sam Bankman-Fried and his accomplices. 

Andy Dietderich further stated that, following the recovery, the company is considering how it can properly return to business now that “The situation has stabilized, and the dumpster fire is out” according to Dietderich.