On Tuesday, FTX.com, the bankrupt cryptocurrency exchange, revealed that it had lost around US$415 million worth of cryptocurrencies to hacks since it filed for bankruptcy on November 11. US$323 million was stolen.
The exchange claimed that it was done by an “unauthorized third party” from FTX’s international exchange. Around US$90 million was siphoned from FTX US and US$2 million was hacked out of Alameda Research, the brokerage arm of the exchange.
FTX’s liquid assets are estimated to be US$5.5 billion, including US$1.7 billion in cash, US$3.5 billion in cryptocurrencies – including FTX Token (FTT) – and US$300 million in liquid securities.
In November, FTX filed for Chapter 11 bankruptcy in the US, after its founder and former CEO, Sam Bankman-Fried, was accused of eight charges including wire fraud and conspiracy to commit money laundering.
Bankman-Fried pleaded not guilty to fraud charges earlier this month. FTX is currently mulling a clawback of US$2.1 billion Binance received in BUSD and FTT as it sold its stake in FTX in Q3, 2021.
