{"id":20175,"date":"2023-01-19T12:47:34","date_gmt":"2023-01-19T12:47:34","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked"},"modified":"2023-01-19T14:28:29","modified_gmt":"2023-01-19T14:28:29","slug":"ftx-collapsed-crypto-exchange-says-415m-was-hacked","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked","title":{"rendered":"FTX: Collapsed crypto exchange says $415m was hacked"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Collapsed cryptocurrency exchange FTX says that around $415m (\u00a3338m) of crypto has been stolen by hackers.<\/b><\/p>\n

About $323m was hacked from its international exchange and $90m from its US platform since the firm filed for bankruptcy, FTX’s CEO says.<\/p>\n

FTX co-founder Sam Bankman-Fried has been accused of stealing billions of dollars from FTX users to pay debts at his other firm, Alameda Research.<\/p>\n

Mr Bankman-Fried has pleaded not guilty to fraud charges.<\/p>\n

Last week the company told a bankruptcy judge in Delaware that it had recovered more than $5bn in assets.<\/p>\n

On Tuesday FTX provided further details, saying that it had recovered $1.7bn in cash, $3.5bn in so-called liquid cryptocurrency and $300m in liquid securities.<\/p>\n

In finance the term “liquid” means that an asset can be easily converted into cash without affecting its value.<\/p>\n

The firm also said that it had identified significant shortfalls at both its international and US exchanges.<\/p>\n

However, it did not give an estimate of total liabilities.<\/p>\n

FTX, which a year ago was valued at $32bn, filed for bankruptcy protection on 11 November. It has been estimated that $8bn of customer’s funds was missing.<\/p>\n

Mr Bankman-Fried, who co-founded FTX in 2019, was one of the most high-profile figures in the cryptocurrency industry, known for his political ties, celebrity endorsements and bailouts of other struggling firms.<\/p>\n

He was arrested in December in the Bahamas, where he lived and FTX was based.<\/p>\n

Mr Bankman-Fried was extradited to the US, where he was freed on a $250m bail package. His bail conditions required that he wear an electronic monitoring bracelet and remain largely confined to the California home of his parents, law professors at Stanford University.<\/p>\n

In a press conference last month, federal prosecutors said the meltdown at the platform, which allowed customers to buy and sell digital tokens, stemmed from “intentional fraud”.<\/p>\n

Prosecutors accused Mr Bankman-Fried of misappropriating FTX customer funds to pay debts at his other company, Alameda, and to make other investments.<\/p>\n

They announced eight criminal charges, including wire fraud, money laundering and campaign finance violations. Financial regulators also brought claims against Mr Bankman-Fried. He has denied the charges.<\/p>\n

Later on Tuesday, Mr Bankman-Fried reiterated his claim that “FTX US is solvent, as it always as been”.<\/p>\n

In an interview with BBC News before his arrest, he said: “I didn’t knowingly commit fraud. I don’t think I committed fraud. I didn’t want any of this to happen. I was certainly not nearly as competent as I thought I was.”<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Collapsed cryptocurrency exchange FTX says that around $415m (\u00a3338m) of crypto has been stolen by hackers. About $323m was hacked from its international exchange and $90m from its US platform since the firm filed for bankruptcy, FTX’s CEO says. FTX co-founder Sam Bankman-Fried has been accused of stealing billions of dollars from […]<\/p>\n","protected":false},"author":84,"featured_media":20174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,237,234],"class_list":["post-20175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nFTX: Collapsed crypto exchange says $415m was hacked - Botswana<\/title>\n<meta name=\"description\" content=\"Collapsed cryptocurrency exchange FTX says that around $415m (\u00a3338m) of crypto has been stolen by hackers. About ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FTX: Collapsed crypto exchange says $415m was hacked\" \/>\n<meta property=\"og:description\" content=\"Collapsed cryptocurrency exchange FTX says that around $415m (\u00a3338m) of crypto has been stolen by hackers. About ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-19T12:47:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-19T14:28:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/01\/postQueueImg_1674119897.05.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"976\" \/>\n\t<meta property=\"og:image:height\" content=\"549\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"FTX: Collapsed crypto exchange says $415m was hacked\",\"datePublished\":\"2023-01-19T12:47:34+00:00\",\"dateModified\":\"2023-01-19T14:28:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked\"},\"wordCount\":436,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/01\/postQueueImg_1674119897.05.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked\",\"name\":\"FTX: Collapsed crypto exchange says $415m was hacked - Botswana\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/01\/postQueueImg_1674119897.05.jpg\",\"datePublished\":\"2023-01-19T12:47:34+00:00\",\"dateModified\":\"2023-01-19T14:28:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Collapsed cryptocurrency exchange FTX says that around $415m (\u00a3338m) of crypto has been stolen by hackers. About ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/01\/postQueueImg_1674119897.05.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/01\/postQueueImg_1674119897.05.jpg\",\"width\":976,\"height\":549,\"caption\":\"FTX: Collapsed crypto exchange says $415m was hacked\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/botswana\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FTX: Collapsed crypto exchange says $415m was hacked\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#website\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/\",\"name\":\"Botswana\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/botswana\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"FTX: Collapsed crypto exchange says $415m was hacked - Botswana","description":"Collapsed cryptocurrency exchange FTX says that around $415m (\u00a3338m) of crypto has been stolen by hackers. About ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked","og_locale":"en_US","og_type":"article","og_title":"FTX: Collapsed crypto exchange says $415m was hacked","og_description":"Collapsed cryptocurrency exchange FTX says that around $415m (\u00a3338m) of crypto has been stolen by hackers. About ...","og_url":"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked","og_site_name":"Botswana","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-01-19T12:47:34+00:00","article_modified_time":"2023-01-19T14:28:29+00:00","og_image":[{"width":976,"height":549,"url":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/01\/postQueueImg_1674119897.05.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"FTX: Collapsed crypto exchange says $415m was hacked","datePublished":"2023-01-19T12:47:34+00:00","dateModified":"2023-01-19T14:28:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked"},"wordCount":436,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/01\/postQueueImg_1674119897.05.jpg","keywords":["Africa Press","Africa Press-Botswana","Botswana"],"articleSection":["all news","miscellaneous"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked","url":"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked","name":"FTX: Collapsed crypto exchange says $415m was hacked - Botswana","isPartOf":{"@id":"https:\/\/www.africa-press.net\/botswana\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/01\/postQueueImg_1674119897.05.jpg","datePublished":"2023-01-19T12:47:34+00:00","dateModified":"2023-01-19T14:28:29+00:00","author":{"@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Collapsed cryptocurrency exchange FTX says that around $415m (\u00a3338m) of crypto has been stolen by hackers. About ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked#primaryimage","url":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/01\/postQueueImg_1674119897.05.jpg","contentUrl":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/01\/postQueueImg_1674119897.05.jpg","width":976,"height":549,"caption":"FTX: Collapsed crypto exchange says $415m was hacked"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/ftx-collapsed-crypto-exchange-says-415m-was-hacked#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/botswana\/"},{"@type":"ListItem","position":2,"name":"FTX: Collapsed crypto exchange says $415m was hacked"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/botswana\/#website","url":"https:\/\/www.africa-press.net\/botswana\/","name":"Botswana","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/botswana\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/posts\/20175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/comments?post=20175"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/posts\/20175\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/media\/20174"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/media?parent=20175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/categories?post=20175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/tags?post=20175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}