Hackers begin to launder $477 million of stolen crypto
FTX filed for chapter within the U.S. on Nov. 11, 2022, searching for courtroom safety because it seems to be for a strategy to return cash to customers.
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This month, after FTX filed for chapter, new CEO John Ray III mentioned that “unauthorized entry to sure property has occurred.”
Blockchain analytics firm Elliptic estimates that round $477 million value of cryptocurrency had been stolen from FTX.
The theft provides insult to harm to FTX, a as soon as $32 billion crypto empire who collapse has despatched shockwaves throughout the business.
The stolen cash has been transformed into completely different digital cash however the bulk of it — greater than $280 million — was became the cryptocurrency ether, based on public blockchain data of the account linked to the hackers.