Federal prosecutors are investigating allegations that a hacker drained $372 million out of the cryptoexchange FTX hours after it filed for bankruptcy amid its collapse.
The Department of Justice has launched a criminal investigation into the hack that stole said money hours after FTX filed for bankruptcy, according to Bloomberg. While officials have frozen some of the stolen crypto assets, they only count for a small part of said loot.The hack was revealed by newly appointed CEO John J. Ray III, who stated on Nov. 12 that there had been"unauthorized access" to FTX's assets on Nov. 11.
It is unclear if the infiltration and subsequent hack are an inside job or the work of an outside hacker. FTX founder Sam Bankman-Fried alleged the theft was done by someone from within the company. The amount stolen is estimated to be around $372 million, according to bankruptcy filings.Bankman-Fried appeared in court for the first time after being charged by federal courts in New York over charges of fraud.
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U.S. Department of Justice probing $372M FTX exploit - ReportHackers stolen hundreds of millions of dollars worth of digital currencies on the night of the FTX bankruptcy, and the funds' trial have gone cold.
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U.S. probes how $370 million vanished in hack after FTX bankruptcy - Bloomberg NewsFederal prosecutors are investigating an alleged cybercrime that drained more than $370 million from crypto exchange FTX hours after it filed for bankruptcy, Bloomberg News reported on Tuesday citing a person familiar with the case.
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US probes how $372 million vanished in hack hours after FTX bankruptcyThe Department of Justice has launched a criminal probe into the stolen assets that is separate from the fraud case against FTX co-founder Sam Bankman-Fried.
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Bankman-Fried case reassigned because judge's husband has ties to FTXThe criminal case concerning disgraced cryptocurrency mogul Sam Bankman-Fried has been reassigned due to a conflict of interest stemming from ties to FTX.
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