In a filing to creditors on Tuesday, bankrupt cryptocurrency exchange FTX stated that around $415 million in cryptocurrencies had been taken in cyberattacks.
According to Reuters, In a filing to creditors on Tuesday, bankrupt cryptocurrency exchange FTX stated that around $415 million in cryptocurrencies had been taken in cyberattacks.
FTX reported that it had recovered more than $5 billion in cryptocurrency, cash, and liquid securities, but severe shortages remained at its international and US crypto exchanges.
FTX blamed some of the shortfalls on hacking, claiming that $323 million in crypto had been stolen from FTX’s international exchange and $90 million had been stolen from its US exchange since the company declared bankruptcy on November 11.
According to Bankman-Fried, FTX has more than enough money to compensate consumers in the United States, who he estimates are due between $181 million and $497 million based on his “best guess.”
Bankman-Fried has pled not guilty to the accusations of fraud, and his trial is set for October.
Ariel Ben Solomon is the Growth and Strategy manager at Ecomhunt. He is the host of the Ecomhunt Podcast. Can be followed on Twitter at @ArielBenSolomon
