cryptonews: FTX US lost half of its $181 million in digital assets in a post-bankruptcy hack, the new FTX management team has revealed in a bankruptcy court filing. 👀
FTX US lost half of its $181 million in digital assets in a post-bankruptcy hack, the new FTX management team has revealed in a bankruptcy court filing.left by Sam Bankman-Fried and his executive team, $90 million "was subject to unauthorized third-party transfers post-petition," the FTX debtors team said.that took place on Nov. 12, just a day after the Chapter 11 filing and before the new managers had been able to find and secure its assets.
While the estimates of the total amount stolen have changed several times, it started out at $477 million. The current estimate puts it at $415 million. But it had not been revealed that a large chunk of that came from FTX US rather than the much larger international exchange, FTX.com, or Alameda Research.
Bankman-Fried has been arrested and several of his top deputies have already pleaded guilty to fraud and conspiracy charges surrounding the alleged theft ofin FTX customers' funds. This was illegally transferred to Bankman-Fried's private trading firm Alameda Research when it ran into crypto winter financial difficulties, prosecutors have said.
The filing with the federal bankruptcy court in Delaware detailed $5.5 billion in liquid assets found by the new management team. That includes $1.7 billion in cash, $3.5 billion in various cryptocurrencies and $300 million in securities. Those numbers do not include the
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