bitcoin
Bitcoin (BTC) $ 17,016.70
ethereum
Ethereum (ETH) $ 1,266.29
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 293.23
usd-coin
USD Coin (USDC) $ 1.00
binance-usd
Binance USD (BUSD) $ 1.01
xrp
XRP (XRP) $ 0.394973
dogecoin
Dogecoin (DOGE) $ 0.101933
cardano
Cardano (ADA) $ 0.324020
matic-network
Polygon (MATIC) $ 0.914544
polkadot
Polkadot (DOT) $ 5.55
staked-ether
Lido Staked Ether (STETH) $ 1,251.49
okb
OKB (OKB) $ 21.97
shiba-inu
Shiba Inu (SHIB) $ 0.000009
litecoin
Litecoin (LTC) $ 76.38
dai
Dai (DAI) $ 1.00
tron
TRON (TRX) $ 0.054238
solana
Solana (SOL) $ 13.53
uniswap
Uniswap (UNI) $ 6.18
avalanche-2
Avalanche (AVAX) $ 13.69
chainlink
Chainlink (LINK) $ 7.37
leo-token
LEO Token (LEO) $ 3.81
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 16,975.85
cosmos
Cosmos Hub (ATOM) $ 10.22
ethereum-classic
Ethereum Classic (ETC) $ 19.56
the-open-network
The Open Network (TON) $ 1.81
monero
Monero (XMR) $ 146.57
stellar
Stellar (XLM) $ 0.087618
bitcoin-cash
Bitcoin Cash (BCH) $ 111.53
quant-network
Quant (QNT) $ 129.91
algorand
Algorand (ALGO) $ 0.241019
crypto-com-chain
Cronos (CRO) $ 0.064328
filecoin
Filecoin (FIL) $ 4.48
apecoin
ApeCoin (APE) $ 3.95
near
NEAR Protocol (NEAR) $ 1.70
vechain
VeChain (VET) $ 0.019270
hedera-hashgraph
Hedera (HBAR) $ 0.048336
internet-computer
Internet Computer (ICP) $ 4.19
flow
Flow (FLOW) $ 1.09
terra-luna
Terra Luna Classic (LUNC) $ 0.000180
elrond-erd-2
MultiversX (Elrond) (EGLD) $ 44.12
frax
Frax (FRAX) $ 1.00
trust-wallet-token
Trust Wallet (TWT) $ 2.43
eos
EOS (EOS) $ 0.930314
tezos
Tezos (XTZ) $ 1.01
the-sandbox
The Sandbox (SAND) $ 0.589015
aave
Aave (AAVE) $ 63.66
chiliz
Chiliz (CHZ) $ 0.168620
theta-token
Theta Network (THETA) $ 0.897290
huobi-token
Huobi (HT) $ 6.80

‘Substantial amount’ of FTX’s assets stolen or missing — Bankruptcy counsel

0

- Advertisement -



James Bromley, a partner at law firm Sullivan & Cromwell representing debtors in FTX’s bankruptcy case in the District of Delaware, has said that assets at the firm continue to be at risk from cyberattacks.

In a livestream of FTX Trading’s bankruptcy proceedings on Nov. 22, Bromley said new FTX CEO John Ray III had laid out core objections aimed at getting the firm, remaining employees and funds through the controversial and public collapse. According to the FTX co-counsel, a core group of employees has continued to work at the exchange to ensure assets are secure and records maintained, but hackers have posed a threat since Nov. 11 when the company filed for Chapter 11.

“We’re not just talking about crypto assets, or cash assets, or physical assets — we’re also talking about information, and information here is an asset,” said Bromley. “Unfortunately, […] a substantial amount of assets have either been stolen or are missing. We are suffering from cyberattacks, both on the petition date and the days following, and we have, as I mentioned earlier, engaged sophisticated expertise to protect against the hacks, but they continue.”

The lawyer said that FTX had enlisted the help of several legal, cybersecurity and blockchain analysis firms as part of the proceedings, including Chainalysis — which has previously provided information relevant to crypto-related enforcement cases by United States government agencies. Bromley added that there was another cybersecurity firm involved in the case, but said he would not disclose its identity due to concerns hackers would benefit from the information.

An unknown actor already removed 228,523 Ether (ETH) from FTX amid the exchange’s collapse and bankruptcy, later converting some of the funds into Bitcoin (BTC). As of Nov. 21, the attacker had moved roughly $200 million in ETH to 12 different wallet addresses.

Related: FTX hacker is now the 35th-largest holder of ETH

Reorganization at the leadership level was also a priority objective for FTX under Ray, who criticized former CEO Sam Bankman-Fried’s public comments on the debacle. Bromley added that under Bankman-Fried, the exchange had been “in the control of a small group of inexperienced and unsophisticated individuals,” some or all of whom may have been compromised.

“At the same time of the run on the bank, there was a leadership crisis [at FTX]. The FTX companies were controlled by a very small group of people led by Sam Bankman-Fried. During the run on the bank, Mr. Bankman-Fried’s leadership frayed, and that led to resignations throughout the ranks.”

The livestreamed hearing was the first available to the public since FTX Group’s bankruptcy filing on Nov. 11, but new information on the company’s collapse continues to be released through court documents and media outlets. Bankman-Fried, his family members and other high-level FTX executives reportedly purchased multiple properties in the Bahamas worth more than $121 million. Bromley said in court that an entity associated with Alameda Research bought roughly $300 million worth of real estate in the island nation but did not explicitly name the former FTX CEO.



Source link

- Advertisement -

Leave A Reply

Your email address will not be published.

Shares