Bankrupt FTX Recovers $7.3 Billion Worth of Crypto Assets, Bitcoin Surges Over $30k While Dogetti’s Presale Nears Conclusion

FTX, the now defunct cryptocurrency exchange, has made significant progress in recovering its customer's funds, totaling $7.3 billion, and may potentially resume operations in 2024, as stated by the company's legal representatives. Since January 2023, FTX has successfully retrieved over $800 million in cash and cryptocurrency assets. During a recent hearing at a Delaware bankruptcy court, FTX attorney Andy Dietderich expressed confidence in the stabilisation of the situation, stating, "the dumpster fire is out." Bitcoin (BTC) soars above $30K promising an extended bull market as the new dog coin Dogetti (DETI) is about to end its presale.

FTX Currently Holds $4B In Crypto Assets

At the time of its collapse in mid-November, FTX had only managed to collect $3.3 billion in assets for distribution to stakeholders. FTX currently holds over $4 billion in cryptocurrency assets, a value that has been bolstered by the significant recovery in cryptocurrency prices. FTX's legal team is actively working towards reconstructing accurate internal records of the company's accounts. However, external estimates from the US Commodity Futures Trading Commission suggest that the missing funds may exceed $8 billion.

Furthermore, a portion of FTX's funds are still inaccessible in the Bahamas, as the securities commission of the country has taken control of assets associated with the winding-up process of the company's local subsidiary.

Bitcoin Soars Above $30K

According to sources, FTX has seen significant recovery in its crypto assets, with the majority of funds being attributed to "category A crypto" tokens that have large and liquid markets. FTX now boasts a total of over $4 billion in crypto assets under its control, a figure that has been boosted by the recent sharp rebound in cryptocurrency prices.

Bitcoin, which had dipped below $20,000 following FTX's collapse, has made a remarkable resurgence, surpassing $30,000 for the first time since June 2022. Other cryptocurrencies, such as Ethereum (ETH), have followed a similar trajectory in recent weeks, further indicating the positive trend in the overall crypto market.

Dogetti To End Presale, Last Chance For Investors

Dogetti (DETI) is a newly emerging meme coin that is nearing the end of its presale phase. Despite being a newcomer, it has already made a significant impact in the crypto market and is poised to compete with other popular meme coins. Originally planned to launch at stage five of its presale, the token's launch has been moved up to June 20th due to overwhelming demand from the community.

Dogetti's unique ecosystem is designed to empower users to earn money through NFTs, with features such as a DAO (Decentralised Autonomous Organization) and a community-driven approach. One notable aspect is the reflection protocol, which redistributes 2% of the 6% transaction fee back to the community.

The DAO feature allows users to have a sense of ownership over the project, as they can actively participate in voting and making proposals to shape the direction of the project. With a playful mafia theme, Dogetti ensures that every voice in the "Dogetti family" is heard, creating a sense of inclusivity and the potential to generate wealth for all members of the community.

Currently priced at $0.00029166, the meme coin has already raised $879,769 in its stage 2 of presale. The prices are predicted to shoot up 900% from the ICO price.

Even if you missed investing in Dogetti at an early stage, now is not too late. As the presale is about to culminate the prices will spike at a tremendous pace. With $DETI, It is either now or never.

For more information about Dogetti (DETI):

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_