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.
This crypto tycoon was accused of taking billions from investors to pay his debts at Alameda Research.
#FTX claims $415m of #crypto was hacked: Sam Bankman-Fried’s collapsed #cryptocurrency company said $415m (£338m) was stolen from the exchange – around $323m was hacked from its international exchange and $90m from its #USA platform #FTX https://t.co/TFgZ1wtD14
— Share_Talk ™ (@Share_Talk) January 18, 2023
Mr Bankman-Fried pleaded guilty earlier this month to eight charges of wire fraud, security fraud, and conspiracy to launder money.
The company informed a Delaware bankruptcy judge last week that it had recouped more than $5bn worth of assets.
On Tuesday, FTX announced that it had recovered $1.7bn cash, $3.5bn liquid cryptocurrency, and $300m liquid securities.
Additionally, the firm stated that significant shortfalls had been identified at its US and international exchanges.
The company of Mr Bankman-Fried, valued at $32bn a year earlier, filed for bankruptcy protection in November.
