Following the collapse of the cryptocurrency exchange FTX, at least $1 billion in investor assets seems to be missing according to multiple reports.
that it appeared as if hackers had actually stolen $370 million. Bankman-Fried told Reuters that he “disagreed with the characterization” of the transfer, adding: “We had confusing internal labeling and misread it.” Reuters questioned Bankman-Fried about the missing customer funds via text message, to which he replied “???”
FTX U.S. General Counsel Ryne Miller tweeted on Saturday that the company had detected “unauthorized transactions” and moved all digital assets to cold storage, or offline. According to the cryptocurrency analytics and compliance firm Elliptic, $473 million in crypto assets were stolen from FTX last Friday night, although the exact amount has yet to be confirmed.Sam Bankman-Fried wrote, “I’m sorry. That’s the biggest thing. I fucked up, and should have done better.
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