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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