Federal prosecutors are investigating an alleged cybercrime that drained greater than $370 million from crypto alternate FTX hours after it filed for chapter, Bloomberg Information reported on Tuesday citing an individual aware of the case.
The legal probe into the stolen property, launched by the Division of Justice is separate from fraud case in opposition to FTX co-founder Sam Bankman-Fried, the report added.
A spokesperson for the Manhattan US lawyer’s workplace mentioned he couldn’t affirm or touch upon the problem, whereas DoJ and FTX didn’t instantly reply to a Reuters request for remark.
FTX filed for US chapter final month and Bankman-Fried stepped down as chief govt, after merchants pulled billions from the platform in three days and rival alternate Binance deserted a rescue deal.
The US Division of Justice accused Bankman-Fried of inflicting billions of {dollars} of losses associated to FTX, which a US prosecutor referred to as a “fraud of epic proportions.”
Bankman-Fried based FTX in 2019 and rode a growth within the values of bitcoin and different digital property to change into a billionaire a number of occasions over in addition to an influential donor to US political campaigns.
The FTX collapse has fanned fears about the way forward for the crypto trade after the beleaguered alternate outlined a “extreme liquidity disaster”.
