FTX, a cryptocurrency exchange that filed for bankruptcy, has made a significant recovery by reclaiming over $7.3 billion in both cash and crypto assets. This is an increase of more than $800 million since January, according to the company's attorney at a bankruptcy court hearing on April 12th.

The recovery is good news for former users of the exchange, but it comes alongside the announcement that FTX is considering a relaunch in Q2. The exchange's reputation suffered greatly after its involvement in one of the biggest financial scandals in the crypto space, orchestrated by former CEO Sam Bankman-Fried.

While the recovery of funds is positive, it remains to be seen whether a potential relaunch would include a rebranding effort. The FTX brand is still associated with the fraud scheme, and the exchange will need to work hard to regain the trust of the public. Nonetheless, the recovery of such a large sum of assets is a significant achievement and shows that the exchange is moving in the right direction.