{"id":105610,"title":"FTX claims $415m of crypto was hacked","publisher":"Share Talk","author":"sharetalk","published":"2023-01-18T11:49:17+00:00","modified":"2023-01-18T11:49:17+00:00","canonical_url":"https://www.share-talk.com/ftx-claims-415m-of-crypto-was-hacked/","markdown_url":"https://www.share-talk.com/ftx-claims-415m-of-crypto-was-hacked.md","json_url":"https://www.share-talk.com/ftx-claims-415m-of-crypto-was-hacked.json","category":"Blogs","categories":["Blogs","Fintech"],"tags":["Assets","bankruptcy","bear","Binance","Bitcoin","bonds","BTC","Coinbase","consumers","Crypto","cryptocurrency","customers","decentralized","Exchange","exchanges","FTX","GYEN","hard","John J. Ray III","Market","proceedings","protection","Sam Bankman-Fried","Share Talk","SHARES","stablecoin","Token","U.S","USA","Yen"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"Sam Bankman-Fried, a collapsed cryptocurrency company, claimed $415m (£338m), was stolen from the exchange. It was estimated that around $323m was stolen from its international platform and $90m from its US one.\n\nThis crypto tycoon was accused of taking billions from investors to pay his debts at Alameda Research.\n\nhttps://twitter.com/Share_Talk/status/1615676578943598594?s=20\n\nMr Bankman-Fried pleaded guilty earlier this month to eight charges of wire fraud, security fraud, and conspiracy to launder money.\n\nThe company informed a Delaware bankruptcy judge last week that it had recouped more than $5bn worth of assets.\n\nOn Tuesday, FTX announced that it had recovered $1.7bn cash, $3.5bn liquid cryptocurrency, and $300m liquid securities.\n\nAdditionally, the firm stated that significant shortfalls had been identified at its US and international exchanges.\n\nThe company of Mr Bankman-Fried, valued at $32bn a year earlier, filed for bankruptcy protection in November."}