Sam Bankman-Fried’s failed cryptocurrency exchange filed for bankruptcy in November 2022 and has since been mired in court proceedings.
Source: https://cointelegraph.com/public/index.php/news/ftx-has-recovered-7-3b-in-assets-will-consider-rebooting-exchange-in-q2-2023
FTX has recovered $7.3B in assets, will consider rebooting exchange
