FTX has told unsecured creditors that a whopping $415M in crypto has been stolen by hackers since FTX filed for Chapter 11 in November ($323M from FTX's international; $90 million from FTX US; $2M from Alameda.) Read the FTX Trustee Report at:
johnreedstark.com/wp-content/upl
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Do we know how much money was deposited by customers and how much money did investors cumulatively invest (I can see an estimate on crunchbase). And why is there no mention of Tether???
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Hacked, stolen. SBF literally is incapable of telling the truth. I'm sure there's a high chance he just stole it.
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Well we all watched the hack live on chain one Satruday night in November. Surely an inside job. It wasn't sophisticated, cause it was simply someone with the keys transferring assets.
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One of the most concerning events in this FTX timeline is the fact that he was meeting with the SEC working on regs and "no action" from the SEC. I'm appalled. Only two projects got this special access from the SEC, FTX and ETH. Both employed Sullivan Cromwell.
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i'm unclear, is this *another* hack in the 400 million range or is this the same one from months ago?
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