On March 2, 2023, FTX debtors released a preliminary analysis of the now-defunct cryptocurrency exchange's shortfalls.
FTX Debtors Report $8.9B Shortfall in Customer Funds and 'Highly Commingled' Assets in Latest Presentation
the exchange being hacked and that the platform was unsafe. The preliminary shortfall analysis refers to this specific cyber attack throughout.The report also mentions that both FTX and FTX US typically held digital assets in sweep wallets that were not segregated for individual customers. The debtors noted that due to the cyber attack, the company’s computing environment was secured and “remains subject to certain restrictions,” limiting access to crucial data.
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