Bankrupt crypto exchange FTX said in a report to creditors on Tuesday that about US$415 million in cryptocurrency had been stolen in hacks.
Bankman-Fried said FTX has more than enough money to repay US customers, whom he says are owed between US$181 million and US$497 million based on his"best guess." Bankman-Fried has not had access to FTX records since stepping down as CEO in November. FTX provided some additional details about its recovery efforts on Tuesday, saying it had recovered US$1.7 billion in cash, US$3.5 billion in liquid cryptocurrency and US$300 million in liquid securities.
The crypto assets recovered to date include US$685 million in Solana, US$529 million in FTX's proprietary FTT token and US$268 million in bitcoin, based on crypto prices on Nov 11, 2022. Solana, which was lauded by Bankman-Fried, lost most of its value in 2022.
i thought crypto is safe.. an immutable ledger and hack-proof, one of the selling point to decentralise because it is safer than bank.. what happened ?
He does prove one thing. A nerd doesn't run a company because they run away with your money.
Hacked meaning:
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