Collapsed crypto trade FTX claims $415 mn hacked

Bankrupt cryptocurrency trade FTX has claimed that hackers stole practically $415 million from its platform.

FTX CEO John J. Ray III stated that about $323 million was hacked from its worldwide trade and $90 million from its US platform.

“We’re making essential progress in our efforts to maximise recoveries, and it has taken a Herculean investigative effort from our workforce to uncover this preliminary info,” he stated.

“We ask our stakeholders to grasp that this info continues to be preliminary and topic to vary. We are going to present further info as quickly as we’re in a position to take action,” he added.

A complete of roughly $5.5 billion of liquid property have been recognized, comprising $1.7 billion of money, $3.5 billion of crypto property, and $0.3 billion of securities.

With respect to FTX.com, the corporate recognized roughly $1.6 billion of digital property related to FTX.com, $323 million “of which was topic to unauthorised third-party transfers post-petition”.

With respect to the FTX US trade, the corporate recognized roughly $181 million of digital property related to FTX US, “$90 million of which was topic to unauthorised third-party transfers”.

In the meantime, Sam Bankman-Fried, the previous CEO of bankrupt crypto trade FTX, has pleaded not responsible to fraud and cash laundering costs.