Hackers Stole $415 Million in Crypto From FTX, Company Says

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Hackers Stole $415 Million in Crypto From FTX, Company Says
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The timing of the hack was not unclear, but FTX previously revealed in November, shortly after the company’s collapse, that hackers had stolen about $477 million worth of crypto.

Sam Bankman-Fried’s gutted crypto exchange FTX revealed Tuesday that $415 million in crypto was hacked from its accounts. In a presentation released Tuesday, lawyers and advisers for FTX debtors updated the total amount of assets it had identified as potentially being recoverable to $5.5 billion.

But that included a total of $415 million in “unauthorized third-party transfers” made up of $323 million from FTX.com, $90 million from FTX, and $2 million from hedge fund Alameda Research’s crypto. FTX has filed for bankruptcy after it crashed in the wake of allegations that it misappropriated customers’ money.

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