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U.S. Department of Justice probing $372M FTX exploit – Report

On Nov. 11, or the night of the company’s bankruptcy filing, FTX US’ general counsel Ryne Miller confirmed that the transactions were unauthorized and that the subsidiary exchange had moved all crypto to cold wallets as a precaution. On Nov. 20, blockchain forensics firm Elliptic wrote that the unauthorized transfers amounted to $477 million, and the unknown perpetrator swapped the stolen Ether for RenBTC, before being bridged to Bitcoin through the RenBridge service. Ren was acquired by FTX-linked hedge fund Alameda Research last year and has been alleged by Elliptic to “launder hundreds of millions of dollars in crypto.”

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Source: Cryptocurrency - investing.com

What’s next for global economy after an ‘unusually slow’ holiday quarter: Forward Air CEO

Chinese EV maker Nio cuts delivery guidance for fourth quarter, citing Covid disruptions