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FTX announces $415 million in cryptocurrency was hacked and stolen
2023-01-17 22:55
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Shafaq News/ FTX cryptocurrency company reported, on Wednesday, that $415 million in cryptocurrencies had been hacked and stolen.
US media said that $415 million worth of cryptocurrency was hacked from the exchange's accounts, which is a significant portion of the specific assets the company is trying to recover.
The company confirmed that the total liquid assets identified for recovery are estimated at $5.5 billion.
The company filed for bankruptcy after a wave of withdrawals that paralyzed the stock exchange.
A few days ago, lawyers for the collapsed FTX cryptocurrency platform stated that the company's cash and liquid assets worth $5 billion had been found, and assets and investments with a book value of more than $4.6 billion could be sold.
The lawyers added in a bankruptcy court hearing that these assets do not include the $425 million held by authorities in the Bahamas.
FTX lawyers also told the judge overseeing the bankruptcy file that the amount of the shortfall in funds for the platform's clients is not yet clear, and that they are working to determine the size of the pool of claims and potential refunds for about 9 million accounts.
The Legal Committee for the Liquidation of FTX cryptocurrency exchange, in the Bahamas, had reached an agreement with US authorities to end most of their legal disputes over the liquidation of the platform's assets.
According to the agreement, the two sides will exchange information about the company's assets in the two countries, at a time when the Bahamas liquidation committee will start inventorying and selling the platform's assets there to collect as much money as possible for creditors.
It is reported that in early November 2022, FTX announced that it had filed for bankruptcy and its chairman, Sam Bankman-Fried, had resigned.
Then in December, the US Securities and Exchange Commission, the supervisory body that regulates the stock market, accused Bankman-Fried of defrauding investors.
The agency also alleged that the cryptocurrency exchange received $1.8 billion from investors, and that money was then transferred to a private hedge fund owned by a businessman. Sam Bankman Fried was arrested in December in the Bahamas at Washington's request.
https://shafaq.com/ar/%D8%A7%D9%82%D8%AA%D8%B5%D9%80%D8%A7%D8%AF/%D8%B4%D8%B1%D9%83%D8%A9-FTX-%D8%AA%D8%B9%D9%84%D9%86-%D8%A7%D8%AE%D8%AA%D8%B1%D8%A7%D9%82-%D9%88%D8%B3%D8%B1%D9%82%D8%A9-415-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%85%D9%86-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B4%D9%81%D8%B1%D8%A9
2023-01-17 22:55
Share
Font
Shafaq News/ FTX cryptocurrency company reported, on Wednesday, that $415 million in cryptocurrencies had been hacked and stolen.
US media said that $415 million worth of cryptocurrency was hacked from the exchange's accounts, which is a significant portion of the specific assets the company is trying to recover.
The company confirmed that the total liquid assets identified for recovery are estimated at $5.5 billion.
The company filed for bankruptcy after a wave of withdrawals that paralyzed the stock exchange.
A few days ago, lawyers for the collapsed FTX cryptocurrency platform stated that the company's cash and liquid assets worth $5 billion had been found, and assets and investments with a book value of more than $4.6 billion could be sold.
The lawyers added in a bankruptcy court hearing that these assets do not include the $425 million held by authorities in the Bahamas.
FTX lawyers also told the judge overseeing the bankruptcy file that the amount of the shortfall in funds for the platform's clients is not yet clear, and that they are working to determine the size of the pool of claims and potential refunds for about 9 million accounts.
The Legal Committee for the Liquidation of FTX cryptocurrency exchange, in the Bahamas, had reached an agreement with US authorities to end most of their legal disputes over the liquidation of the platform's assets.
According to the agreement, the two sides will exchange information about the company's assets in the two countries, at a time when the Bahamas liquidation committee will start inventorying and selling the platform's assets there to collect as much money as possible for creditors.
It is reported that in early November 2022, FTX announced that it had filed for bankruptcy and its chairman, Sam Bankman-Fried, had resigned.
Then in December, the US Securities and Exchange Commission, the supervisory body that regulates the stock market, accused Bankman-Fried of defrauding investors.
The agency also alleged that the cryptocurrency exchange received $1.8 billion from investors, and that money was then transferred to a private hedge fund owned by a businessman. Sam Bankman Fried was arrested in December in the Bahamas at Washington's request.
https://shafaq.com/ar/%D8%A7%D9%82%D8%AA%D8%B5%D9%80%D8%A7%D8%AF/%D8%B4%D8%B1%D9%83%D8%A9-FTX-%D8%AA%D8%B9%D9%84%D9%86-%D8%A7%D8%AE%D8%AA%D8%B1%D8%A7%D9%82-%D9%88%D8%B3%D8%B1%D9%82%D8%A9-415-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%85%D9%86-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B4%D9%81%D8%B1%D8%A9
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