How much crypto was lost to hacks from FTX?

Question

Accepted Answer

Approximately US$415 Million in Cryptocurrency Was Stolen from FTX

FTX reported that approximately US$415 million in cryptocurrency was stolen due to hacks. This figure is broken down into US$323 million hacked from FTX's international exchange and US$90 million from its US exchange.
Hacks Occurred Post-Bankruptcy Filing

The cryptocurrency hacks occurred after FTX filed for bankruptcy on November 11. CEO John Ray stated that the US$323 million from the international exchange and US$90 million from the US exchange were compromised since that date.
Significant Asset Recovery Efforts Underway

Despite the losses from hacks, FTX has made substantial progress in recovering assets. The company informed a bankruptcy judge that it had recovered over US$5 billion in crypto, cash, and liquid securities within nine weeks of its bankruptcy declaration.
Recovered Assets Include Major Cryptocurrencies

The recovered assets include significant holdings in specific cryptocurrencies, valued as of November 11, 2022. These include US$685 million in Solana, US$529 million in FTX's FTT token, and US$268 million in Bitcoin. Additionally, the Bahamian government is holding US$426 million for creditors following a settlement between FTX's US bankruptcy team and Bahamian regulators.

Reading history

Hide →

This history is cleared when the page is closed.

How much crypto was lost to hacks from FTX?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends