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Jan 17 (Reuters) – Bankrupt cryptocurrency exchange FTX said in a report to creditors on Tuesday that about $415 million in cryptocurrency was stolen as a result of the hack.
About $323 million in cryptocurrencies have been hacked from FTX’s international exchanges and $90 million from U.S. exchanges since it filed for bankruptcy on November 11, CEO John Ray said. said in a separate statement on Tuesday.
FTX founder Sam Bankman-Fried has been accused of stealing billions of dollars from FTX customers to pay off debt owed to his crypto-focused hedge fund, Alameda Research. Bankman-Fried has pleaded not guilty to fraud charges.
FTX told a Delaware bankruptcy judge last week that it had recovered more than $5 billion in cryptocurrencies, cash and liquid securities nine weeks after declaring bankruptcy.
The company provided additional details on Tuesday, saying it had recovered $1.7 billion in cash, $3.5 billion in liquid cryptocurrencies and $300 million in liquid securities.
FTX did not provide an estimate of total debt, but said it had identified significant shortfalls on both international and U.S. crypto exchanges.
“Efforts are underway to maximize recovery, and the team undertook a very difficult investigation to uncover this preliminary information,” Ray said in a statement.
Crypto assets recovered to date include $685 million in Solana, $529 million in FTX’s proprietary FTT token, and $268 million in Bitcoin, based on crypto prices on November 11, 2022. million dollars included. 2022 value.
A November seizure of assets by the Bahamas Securities Commission came to light during FTX’s initial investigation into the hacking of its system, sparking a dispute between FTX’s U.S.-based bankruptcy team and Bahamian regulators. bottom.
The two sides settled their disagreements in January, and Ray said on Tuesday that the Bahamian government held $426 million for creditors.
Bahamian Prime Minister Philip Davis addressed the controversy at an event Tuesday at the Atlantic Council in Washington, saying Wray’s team “came in” and said seizures of Bahamian assets were “appropriate and probably for many investors. “Saved the day,” he said, admitting to FTX.
Reporting by Dietrich Knout, New York and Jasper Ward, Washington Editing by Noreen Wolder, Amy Stevens, Matthew Lewis
Our Standards: Thomson Reuters Trust Principles.
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