TrigonX, an Australian cryptocurrency exchange, is the latest success story to emerge from the FTX debacle, with the exchange preparing to restart after it went bankrupt in December 2022 with debts totaling $50 million. TrigonX is set to be revived, according to business director Matteo Salerno, after creditors accepted a deed of company arrangement on May 29, The Australian reported. The 2014-founded digital asset exchange was one of many affected by the FTX’s abrupt collapse in November 2022. After failing to meet withdrawal obligations, it appointed administrators on December 16, 2022. According to Salerno, a return to a “better, more certain, and expedient dividend” to creditors would be preferable to liquidation.