FTX lost $415 million worth of crypto in hacker heists, the collapsed exchange's new bosses sayFTX lost $415 million worth of crypto in hacks, the collapsed exchange's new bosses said Tuesday. The failed exchange has identified around $5.5 billion of liquid assets to be recovered.
In a presentation seen by Insider, FTX lawyers and advisors said they had tracked down around $5.5 billion worth of liquid assets to be recovered, made up of $3.5 billion in crypto, $1.7 billion in cash, and $300 million in tradable assets like stocks and bonds. "We ask our stakeholders to understand that this information is still preliminary and subject to change," he added."We will provide additional information as soon as we are able to do so."Hackers stole $323 million from the Bahamas-based parent company FTX.com, $90 million from FTX, and $2 million from sister trading firm Alameda Research, according to the presentation.
Former chief executive Sam Bankman-Fried was arrested in the Bahamas and extradited to the US the following month to face eight criminal counts including fraud, money laundering, and violating campaign finance laws.
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Elon Musk says Instagram makes people depressed and Twitter makes them 'angry' | Business InsiderMusk asked his Twitter followers which platform was better, tweeting: 'Instagram makes people depressed & Twitter makes people angry. Which is better?' BISouthAfrica This is the bullshit you think is news worthy? Holy hell, your company needs an overhaul! BISouthAfrica Not twitter. You are, Elon BISouthAfrica And this makes news, why?
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The US is getting Ukraine ready for a more aggressive war with Russia | Business InsiderThe US has begun more advanced training of Ukrainian troops, with a focus on large-scale combat involving tanks, artillery, and combat vehicles. The US is fighting Russia using ukraine $89,542 earned within the last 3 months from my crypto investments with jannine_fx. Now I'm looking to learn even as my investment continues with her. You really need to experience that feeling of earning while you learn. BISouthAfrica Bring on the global economic collapse, because this is all a show no real war going on they are all on the same team, just like 911 and all the other wars
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