{"id":19805,"date":"2023-04-13T12:52:24","date_gmt":"2023-04-13T12:52:24","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ftx-considering-relaunching-in-q2-after-asset-recovery\/"},"modified":"2023-04-13T12:52:24","modified_gmt":"2023-04-13T12:52:24","slug":"ftx-considering-relaunching-in-q2-after-asset-recovery","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ftx-considering-relaunching-in-q2-after-asset-recovery\/","title":{"rendered":"FTX considering relaunching in Q2 after asset recovery"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681383341629-f1d8439e-0090-4dfa-9427-8c028882159a-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681383341629-f1d8439e-0090-4dfa-9427-8c028882159a-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681383341629-f1d8439e-0090-4dfa-9427-8c028882159a-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/04\/1681383341629-f1d8439e-0090-4dfa-9427-8c028882159a-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul class=\"decimal_type\">\n<li>Bankrupt FTX has reportedly recovered $7.3 billion in assets.<\/li>\n<li>The embattled crypto exchange is considering relaunching in Q2, 2023.<\/li>\n<li>FTX is currently embroiled in US Bankruptcy court proceedings.<\/li>\n<\/ul>\n<p>In what could be a dramatic turn of events, the FTX cryptocurrency exchange during <a href=\"https:\/\/www.reuters.com\/technology\/bankrupt-crypto-exchange-ftx-has-recovered-73-bln-assets-attorney-2023-04-12\/#:~:text=Bankrupt%20crypto%20exchange%20FTX%20has%20recovered%20%247.3%20bln%20in%20assets%20%2Dattorney,-By%20Dietrich%20Knauth&amp;text=April%2012%20(Reuters)%20%2D%20Bankrupt,a%20U.S.%20bankruptcy%20court%20hearing.\">Bankruptcy court hearing<\/a> on Wednesday reported it has recovered $7.3 billion in cash and cryptocurrency assets.<\/p>\n<p>The asset recovery shows the exchange has recovered an additional $800 million since January according to the company\u2019s attorney who provided the details during the court hearing.<\/p>\n<h2>FTX to relaunch in Q2, 2023<\/h2>\n<p>In yet another positive news for the embattled crypto exchange, the company\u2019s attorney during the court hearing said that the exchange is considering a relaunch in Q2.<\/p>\n<p>The <a href=\"https:\/\/coinjournal.net\/news\/this-week-in-crypto-sbf-explained-ftxs-collapse-in-an-interview\/\">FTX collapse<\/a> remains the biggest and most controversial financial scandal within the crypto space although a number of top executives including its founder and former CEO Sam Bankman-Fried (SBF) are facing trial for their contribution in bringing down what was once the largest cryptocurrency exchange.<\/p>\n<p>The collapse sent shockwaves across the entire crypto industry and caused the collapse of several other crypto firms\/projects including <a href=\"https:\/\/coinjournal.net\/news\/celsius-files-for-chapter-11-bankruptcy-cel-price-on-the-decline\/\">Celsius\u00a0<\/a>and <a href=\"https:\/\/coinjournal.net\/news\/cryptocurrency-broker-voyager-digital-files-for-chapter-11-bankruptcy\/\">Voyager Digital Ltd<\/a>. Its relaunch would therefore probably offer some reprieve for its customers who have been waiting for almost half a year now to access their funds.<\/p>\n<p>Although the company\u2019s attorney has indicated that the exchange could relaunch this year, it is not yet clear if the company will seek to rebrand or will relaunch as FTX. All eyes remain on the court proceedings after the positive news.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/ftx-considering-relaunching-in-q2-after-asset-recovery\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Bankrupt FTX has reportedly recovered $7.3 billion in assets. The embattled crypto exchange is considering relaunching in Q2, 2023. FTX is currently embroiled in US Bankruptcy court proceedings. In what could be a dramatic turn of events, the FTX cryptocurrency exchange during Bankruptcy [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":19806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19805"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=19805"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/19806"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=19805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=19805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=19805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}