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.
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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