FTX hackers stole $415M in cryptocurrency in ‘unauthorized’ transfers

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FTX hackers stole $415M in cryptocurrency in ‘unauthorized’ transfers
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FTX officials have yet to identify the culprits responsible for the hacks.

in the days after its bankruptcy, the doomed platform’s caretakers admitted in a court filing on Tuesday.

Hackers stole an additional $2 million in assets held by disgraced FTX founder Sam Bankman-Fried’s now-shuttered cryptocurrency hedge fund Alameda Research, according to the presentation. “We are making important progress in our efforts to maximize recoveries, and it has taken a Herculean investigative effort from our team to uncover this preliminary information,” FTX CEO John Ray said in a statement on the disclosures.Concerns about the mysterious hack first arose on Nov. 12, one day after a sudden cash crunch forced Bankman-Fried to file for bankruptcy and resigned as FTX’s CEO.

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