FTX: Collapsed crypto exchange says $415m was hacked

Cryptocurrency exchange FTX says that approx $415M of crypto has been stolen by hackers.

FTX: Collapsed crypto exchange says $415m was hacked

According to FTX CEO Bankman Fried, "About $323m was hacked from its international exchange and $90m from its Us platform since the firm filed for bankruptcy"

Bankman fried express that has been accused of stealing billions of dollars from FTX users to pay debts at his other firm Alameda research.

The company told a bankruptcy judge in Delaware that it had recovered more than $5bn in assets in the last week. 

On Tuesday FTX said that it had recovered $1.7 bn in cash $3.5bn we so-called liquid cryptocurrency and $300m in liquid securities. 

The firm also said that it had identified significant shortfalls at both its international and US exchange. 

FTX which a year ago was valued at $32bn filed for bankruptcy protection on 11 November it has been estimated that $8bn of the customer's funds was missing. 

Bankman Fried was arrested in December in the Bahamas where the lived and FTX was based. 

Prosecutors accused Mr. Bankman Fried of misappropriating FTX customers' funds to pay debts at his other company Alameda and to make other investments. 

He express eight criminal charges including wire fraud, money laundering, and campaign finance violations financial regulators also brought claims against Mr. Bankman fried he denied the charges.

Related: Alameda wallet under liquidator control incurred $11.5M in losses