![]() ![]() In its bankruptcy filing, FTX said it has between $10 billion and $50 billion of estimated liabilities and assets. Its 30-year-old founder and CEO Sam Bankman-Fried has resigned and has lost his $16 billion fortune in less than a week. Elliptic said it is a common technique used by hackers to prevent their funds from being seized.įTX, until last week one of the most powerful players in the crypto industry, is experiencing a rapid collapse. ![]() ![]() The stablecoins and other missing tokens are being quickly converted to ether, the second-largest cryptocurrency after Bitcoin, on decentralized exchanges, Elliptic said. Miller tweeted late Friday that FTX is “investigating abnormalities” regarding wallet movements “related to consolidation of FTX balances across exchanges.” The facts are still unclear and the company will share more information as soon as possible, he added. The process was “expedited” Friday evening “to mitigate damage upon observing unauthorized transactions,” Miller said in a tweet. The week that took down a crypto behemothĮlliptic said although the theft is unconfirmed, $473 million in crypto assets were apparently stolen from FTX. Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022. ![]()
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