FTX could be revived as more customers’ funds recovered, say lawyers

Cryptocurrency exchange collapsed last year but assets worth $7.3bn have now been retrieved

The defunct cryptocurrency exchange FTX has recovered $7.3bn (5.8bn) of customer funds and could be restarted as a going concern as soon as next year, the company's lawyers have said.

The situation has stabilised, and the dumpster fire is out," its attorney Andy Dietderich said during a hearing at a Delaware bankruptcy court.