"FTX: Over $400m Stolen from Bankrupt Exchange"

Embattled cryptocurrency exchange FTX has recently claimed that $415m worth of digital currency has been stolen by hackers.  The bankrupt firm and its "affiliated debtors" announced the news to customers and stakeholders earlier this week.  The company stated that $5.5bn of liquid assets had been identified, including $1.7bn in cash, $3.5bn in crypto assets, and $0.3bn of securities.  However, $323m in funds from FTX.com had been "subject to unauthorized third-party transfers," while a further $90m from the FTX US exchange was taken in the same way.  The company noted that this activity occurred after the November 11, 2022 "petition date," the date when chapter 11 bankruptcy was filed by the firm.  It's been reported that a further $2m was taken from FTX sister firm and crypto trader/hedge fund, Alameda Research, co-founded by FTX's Sam Bankman-Fried.  It's unclear if the $415m loss stems from the same incident in which $477m in funds were stolen from FTX.  That heist was uncovered shortly after the firm collapsed.

Infosecurity reports: "FTX: Over $400m Stolen from Bankrupt Exchange"