If you are new in crypto you probably dont know that ftx used to be the largest crypto exchange in the crypto world and the have a coin $FTT whose price surge greatly in the past week but do you know it used to be at 80$ but its price fell because the company bacome bankrupt and it price fell from 80$ to 0.6$ and 20 people even comit sucides according to some reports.
But the thing is that why the coin is pumping?
It is because the exchange said that now it is going to clear all of its debts and again going to restart and pay people the price at which the currency fell at 2021.
Now if the exchange become conditional agiain then there will be agreat price surge in this exchange coin and it may do a 100 to 200x like $BNB and othe exchanges coin like $kcs and these people can easily again lead the exchanges even binance because they already know most of the thing to do