FTX, one of the largest cryptocurrency exchanges that experienced a dramatic crash in November, is considering the possibility of reopening in the future. This became known after a statement by the company's lawyers from Sullivan & Cromwell at a court hearing on April 12. As part of discussions on potential options for resuming exchange operations, it was proposed to allow FTX creditors to convert a portion of their assets into shares in the new company.

Andy Diederich, lead counsel for FTX, confirmed that resuming trading is one of many potential options being considered for the company's future. However, he noted that such a plan would require significant capital, and there are debates about whether it should come from FTX's real estate capital or from third parties. Additionally, the company's clients may have the opportunity to receive a portion of their earnings as shares in the new company.

FTX's lawyers informed the court that they had returned $7.3 billion in liquid assets, compared to the January count of $1.9 billion. However, they emphasized that the company is still far from distributing shares.

The FTT token doubled its price after this news. However, lawyer Diederich emphasized that the possibility of restarting FTX is one of many options, and any decisions are far from final. Experts and interested parties continue to discuss possible options, and this remains an open question.