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- FTX may reopen its crypto exchange operations, reports said, citing the legal team overseeing the company.
- "The situation has stabilized, and the dumpster fire is out," an FTX lawyer reportedly said at a hearing.
- FTX's token more than doubled in price on the reports, which also included an update on asset recovery.
FTX may reopen its digital doors following the crypto exchange's spectacular collapse last year, according to reports Wednesday, citing the company's lawyers.
Prospects of a reboot sent FTX's native token soaring during afternoon trade.