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Did FTX steal $477 million in crypto assets?

Blockchain analytics firm Elliptic said it suspected $477 million in crypto assets have been stolen from FTX in the 24 hours since the exchange filed for bankruptcy.

What happened to the $400 million FTX?

Soon after that, blockchain analysts tracked the flow of $400 million of assets out of FTX accounts, though it was unclear why those funds had been moved.

What's going on with the FTX?

The exchange's troubles continued on Saturday, when John Ray, the chief restructuring officer and CEO of FTX said they were reviewing an "unauthorized access to certain assets," after the Financial Times reported funds worth hundreds of millions of dollars had been withdrawn in a potential hack, citing analysts.

Why did the SEC charge FTX with misleading big investors?

The Securities and Exchange Commission charged him with misleading big investors, who committed nearly $2 billion to FTX in recent years, about the financial health of the crypto exchange and its sister crypto trading platform, Alameda Research.

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