[ad_1] <br><div data-test-id="content-container"><p>FTT Token (<a target="_blank" href="https://seekingalpha.com/symbol/FTT-USD" title="FTX Token" rel="noopener">FTT-USD</a>) <span class="green">surged 102.7%</span> in Wednesday mid-afternoon buying and selling after legal professional's representing bankrupt FTX advised a courtroom in Delaware that the cryptocurrency trade is contemplating reopening in Q2, in accordance with media experiences.</p> <p>FTX filed for chapter safety final November after merchants pulled<span class="paywall-full-content invisible"> billions of {dollars} from the centralized platform that was led by Sam Bankman-Fried on the time. John Ray, the brand new FTX CEO, attributed the downfall to poor document maintaining and a scarcity of inner controls, as he navigates chapter. </span></p> <p class="paywall-full-content invisible">As well as, the attorneys from Sullivan &amp; Cromwell additionally reportedly stated FTX has recovered greater than $7.3B in money and crypto property, up considerably from January's $1.9B mark, in an indication that the corporate is making progress in repaying its <a target="_blank" href="https://www.coindesk.com/business/2023/04/12/crypto-exchange-ftx-could-reopen-its-attorney-says-firms-ftt-token-surges/" rel="noopener">creditors</a>. </p> <h2 class="paywall-full-content invisible">Extra on the Crypto Clampdown</h2> </div> <br>[ad_2] <br><a href="https://seekingalpha.com/news/3956060-ftt-token-rockets-100-as-crypto-exchange-ftx-considers-relaunch?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain">Source link </a>