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.

How did FTX get so big?

He built FTX into a $32 billion company. He spent hundreds of millions of dollars to prop up other struggling crypto companies. And he became a major political donor to Joe Biden’s presidential campaign as well as a frequent, welcome presence in the halls of Congress.

How much cryptocurrency was stolen from FTX?

Blockchain analytics company Elliptic estimates that around $477 million worth of cryptocurrency had been stolen from FTX. The theft adds insult to injury to FTX, a once $32 billion crypto empire who collapse has sent shockwaves across the industry.

What is the DOJ's most recent asset seizure?

The most recent asset seizure reported by the DOJ took place on Thursday, when prosecutors seized $94.5 million in cash from an account at Silvergate Bank which was associated with FTX Digital Markets, FTX's subsidiary in the Bahamas. The DOJ seized more than $7 million from other Silvergate accounts associated with Bankman-Fried and FTX.