FTX Says $413 Million Worth of Cryptocurrency Was Stolen From Failed Exchange

FTX Says $413 Million Worth of Cryptocurrency Was Stolen From Failed Exchange
Cryptocurrency exchange FTX announced its bankruptcy recently. Stefani Reynolds/AFP
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Debtors for the bankrupt cryptocurrency exchange FTX have said that around $413 million worth of cryptocurrency was stolen from the company through “unauthorized transfers.”

In a report to creditors on Jan. 17, the company said that FTX debtors have identified approximately $1.6 billion of digital assets associated with FTX.com, of which $323 million of which was “subject to unauthorized third-party transfers” and $426 million of which was “transferred to cold storage under the control of the Securities Commission of The Bahamas.”
Katabella Roberts
Katabella Roberts
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Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
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