Hackers Stole $415 Million in Crypto From FTX, Company Says

  • 📰 thedailybeast
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The timing of the hack was not unclear, but FTX previously revealed in November, shortly after the company’s collapse, that hackers had stolen about $477 million worth of crypto.

Sam Bankman-Fried’s gutted crypto exchange FTX revealed Tuesday that $415 million in crypto was hacked from its accounts. In a presentation released Tuesday, lawyers and advisers for FTX debtors updated the total amount of assets it had identified as potentially being recoverable to $5.5 billion.

But that included a total of $415 million in “unauthorized third-party transfers” made up of $323 million from FTX.com, $90 million from FTX, and $2 million from hedge fund Alameda Research’s crypto. FTX has filed for bankruptcy after it crashed in the wake of allegations that it misappropriated customers’ money.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 307. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

'hackers'

Translation,democrats with FBI and CIA help since they have the best hackers in the world

That is a novel approach I had not heard of or that of before. When you are going down because people are stealing the money available what you need to do is claim that some of it is being stolen by hackers and not by you.

Yeah, likely story more like spent over 400 million pretending they are playboys

Australia Australia Latest News, Australia Australia Headlines