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of Department of Justice (DOJ) is reportedly investigating the November 11 FTX crypto hack.
DOJ Opens Criminal Investigation Into $372 Million Cybercrime Alleged Hours After Crypto Exchange Declared Bankruptcy Nov. 11, Bloomberg report Tuesday (December 27).
According to the report, U.S. authorities have successfully frozen a small portion of the assets with the help of a platform that has worked with law enforcement agencies, and are now tracking both the hackers and the remaining funds.
The DOJ’s National Cryptocurrency Enforcement Team is leading the investigation, the report states.
The theft was reported by FTX’s new CEO, John J. Ray III, on November 12, a day after the company declared bankruptcy and the funds were stolen.
Blockchain data company Chainalysis reported on Nov. 20 that the funds were “in motion” and had instructed exchanges to beware of attempts by hackers to cash in stolen funds. increase.
As PYMNTS reported at the time, Chainalysis tracked the stolen funds on Nov. 20, safety Assets to be returned to the depositor.
In an interview with PYMNTS posted in August, Kim Grauer, head of research at Chainalysis, said that public blockchains are better than the US dollar for seeing what’s going on and tracking crime. Said it’s much easier. public blockchain Record all transactions instantly and immutably.
“The transparency of this dataset allows us to see how much crime is actually happening in real time,” Grauer said at the time. “Every transaction that happens on the blockchain is available forever. It will always be there. ”
The FTX hack came about a month after Chainalysis reported as of October 13th: crypto hacker The company says it has stolen more than $3 billion in 125 hacks by that point in 2022.
PYMNTS Data: Why Consumers Are Trying Digital Wallets
According to the PYMNTS survey, New Payment Options: Why Consumers Are Trying Digital Wallets, 52% of US consumers will try new payment methods in 2022, with many choosing to try digital wallets for the first time. did.
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