Bankrupt Crypto Firm Claims Hackers Stole $415 Million

January 18, 2023 Business, Idiocracy

Bankrupt crypto firm FTX said on Tuesday that $415 million worth of crypto was hacked from the exchange’s accounts, representing a sizeable portion of the identified assets the company is trying to recover.

In a presentation titled “Maximizing FTX Recoveries,” lawyers and advisors for FTX debtors updated the total liquid assets identified for recovery, and said they’re valued at about $5.5 billion.

However, that includes “unauthorized third-party transfers” of $323 million out of FTX.com (the international business) and $90 million out of FTX US, the company said in a statement. Another $2 million of hedge fund Alameda Research’s crypto was also stolen.

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FTX says $415 million worth of crypto has been hacked from the exchange’s accounts, representing a sizable portion of the identified assets the company is trying to recover. https://t.co/cy4KM3pkIe

— NBC News (@NBCNews) January 18, 2023