The bankrupt cryptocurrency exchange FTX has recovered more than $7.3 billion in cash and crypto assets. This represents an increase of over $800 million since January, according to the company’s counsel during a Wednesday bankruptcy court hearing.

The asset recovery news coincides with the announcement that FTX is contemplating a relaunch in the second quarter. The attorney did not provide any additional information about the prospective relaunch, but the news has sparked considerable interest in the cryptocurrency community.

While the return of funds is certainly good news for former FTX users, the possibility of a relaunch raises some intriguing concerns. The FTX brand is associated with a difficult period for many investors, drastically tarnishing its public image. Uncertain is whether the proposed relaunch would involve a complete rebranding effort or whether the company intends to keep the FTX name.

The prospective relaunch of FTX could be a major event in the world of cryptocurrencies. It would represent a dramatic reversal for a company that had been deemed a failure. The relaunch would afford FTX the opportunity to restore its reputation and regain the crypto community’s trust.

It is unknown what factors led to the recovery of FTX’s assets, but the news is positive for the company’s creditors and erstwhile users. The prospective relaunch may also afford investors a chance to recoup some of their losses.

FTX’s recovery of $7.3 billion in assets represents a significant accomplishment. The news of a possible relaunch in the second quarter has sparked significant interest in the cryptocurrency community. Despite the company’s severely tarnished public image, a successful relaunch could usher in a new era for FTX and the cryptocurrency industry as a whole.