FTX Used Billions in Customer Funds to Buy Back Binance Stake
Binance CEO Changpeng Zhao said in a 2022 post the company had received over $2.1 billion in binance usd (BUSD) stablecoins and FTX’s FTT tokens.
Read MoreFTX Was Supposed to Have $20 Billion in Customer Crypto—It Only Held $5 Billion
An expert witness called in Sam Bankman-Fried’s trial said between January 2021 and October 2022 FTX never had all its customer’s crypto funds.
Read MoreRussian Link Suspected in FTX’s $477 Million Cryptocurrency Heist: Report
Elliptic’s on-chain investigation indicates that the stolen funds seem to have connections with Russian cybercriminal organizations.
Read MoreFTX thief cashes out millions during Bankman-Fried trial
A thief who stole more than $470m (£383m) in cryptocurrency when FTX crashed is trying to cash it out while the exchange’s founder is on trial.
Read MoreRussian hackers may be behind FTX hack: Elliptic
Part of the US$400 million worth of digital assets stolen last November from the bankrupt FTX cryptocurrency exchange may have ties to Russian cybercriminal groups, according to analysis by blockchain intelligence firm Elliptic, shared with Coindesk.
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