Yes, but it takes time — weeks to months depending on severity. Steps: (1) Stop sending to unengaged or bad lists immediately. (2) Enable DMARC p=reject to prevent your domain from being used in phishing. (3) Send only to confirmed opt-in subscribers with high engagement for 4–8 weeks. (4) Monitor Postmaster Tools weekly — reputation improves as the spam rate from your domain drops below 0.1%. Some damage, especially from Spamhaus listings, requires manual intervention and delisting requests.
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