80% of $FTT tokens are locked up on FTX platform and the court had decided FTT is basicly worthless so no liquidation of FTT will be done to payout debts.

Instead the FTX platform will sell all other assets. This means only 66M tokens are in use now. The FTT total market cap is 670M.

Now imagine if someone buys the exchange and thus the locked reserve of FTT (80%) the only thing they have to do is buy as much as possible supply on other exchanges to drive up the prices to at least 10x.

then they have approx 6B dollars stock of FTT only. The only thing they have to do is to continue operations of the exchange. The more succesful they are the more they will earn on operations and ftt stock.

This is the reason why the judge opted for a chapter 11 bankruptcy reorganization rather than chapter 7 bankruptcy liquidation. because it has a huge potential just like what happened with General Motors. Some will definitly take over after the legal issues are settled.