FTX Says $415 Million Of Crypto Was Hacked 

Hackers have extorted $415 million from cryptocurrency trading platform FTX through cyberattacks, its CEO and co-founder claims.

According to Sam Buckman-Fried, about $323 million has been stolen from the international exchange platform and $90 million from the American one. These cyber attacks have taken place since the company filed for protection from its creditors.

Backman-Fried has been summoned to court, as he is accused of taking billions of dollars from FTX in order to finance the debt of his other company Alameda Research.

On November 11, the company once valued at $32 billion filed for creditor protection. It is estimated that the losses of the users of the platform amount to 8 billion dollars.

Last week, the company said it had recovered more than $5 billion in assets. Yesterday, Tuesday, it provided more details saying it had recovered $1.7 billion in cash, $3.5 billion in so-called liquidable cryptocurrencies and $300 million in liquidable securities. At the same time, he pointed out that he has found significant shortcomings in both the international and the American platform.

The “guru” of cryptocurrencies

However, with his statements yesterday, the powerful man of FTX and considered by many to be a guru of the cryptocurrency market, emphasized that his company remains solvent as it has always been.

It is recalled that Buckman-Fried was arrested last December by the American authorities in the Bahamas where FTX is headquartered and where he himself lived. In an interview with the BBC before his arrest by the US authorities, Buckman-Fried had emphasized that he had not committed any fraud. “I certainly wasn’t as capable as I thought.”