‘The Dumpster Fire Is Out:’ Bankrupt Cryptocurrency Exchange FTX Wants to Reboot Business'The Dumpster Fire Is Out:' Bankrupt Cryptocurrency Exchange FTX Wants to Reboot Business
Alana Mastrangelo
Bankrupt cryptocurrency exchange FTX has reportedly recovered more than $7.3 billion in assets and wants to reboot its business by allowing customers to trade crypto again. Whether anyone trusts the company founded by disgraced CEO and Democrat super donor Sam Bankman-Fried is another question.
At a bankruptcy court hearing in Delaware on Wednesday, FTX attorney Andy Dietderich said the company has recovered an increase of more than $800 million since January, and that FTX is starting to think about its future, according to a report by Reuters.
“The situation has stabilized, and the dumpster fire is out,” Dietderich said. The FTX attorney added that the company has benefited from the recent rise in crypto prices.
As for the company’s future, FTX is reportedly negotiating with stakeholders about options for restarting its cryptocurrency exchange, and a decision about that may be made during this quarter, Dietderich said.
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https://www.breitbart.com/tech/2023/04/14/the-dumpster-fire-is-out-bankrupt-cryptocurrency-exchange-ftx-wants-to-reboot-business/
