Jan 17 (Reuters) – Struggling cryptocurrency exchange FTX declared in a report to creditors on Tuesday that it had lost approximately $415 million worth of crypto assets in hacks.
FTX claims to have recovered more crypto assets, cash, and liquid exceeding $5 billion, though considerable shortfalls still remain on its US and international crypto exchanges. FTX noted that part of its losses may be attributed to hacking, stating that $323 million of cryptocurrency was taken from FTX’s global exchange and $90 millions from its US exchange. Nov. 11.
The The accusations against FTX founder Sam Bankman-FriedLater, some of the details in the report were challenged by the company via a blog post.
Bankman-Fried, who has been accused of stealing billions of dollars from FTX customers to pay off debts incurred by his cryptocurrency-focused hedge fund Alameda ResearchFTX denied the figures Tuesday The company’s lawyers were at the office that night. Sullivan & Cromwell Had presented “erroneous” Image of the company’s financial statements.
Bankman-Fried According to its estimates, FTX asserts it has enough money to pay US customers. They are owed $181 million to $497 million. “best guess.” Bankman-Fried Since he resigned in his role as CEO, he was unable to view FTX records. November.
A spokesperson for Sullivan Cromwell They declined to comment. Lawyers The firm stated in a recent court filing, that they have declined the offer. Bankman-Fried’s Attempts to be involved in bankruptcy proceedings of the company.
Bankman-Fried He pleaded not guilty and will stand trial in the fraud charges. October.
FTX neglected to provide an estimate of the amount owed FTX’s international or US clients. They also did not reply immediately to questions.
