US Launches Investigation into $372 Million FTX Hack
The United States Department of Justice (DOJ) has launched a comprehensive investigation into the massive $372 million hack that plagued the FTX crypto exchange shortly after its collapse. The DOJ has launched a criminal probe into the alleged $372 million cybercrime that happened hours after the crypto exchange declared bankruptcy on Nov. 11, Bloomberg reported.
DOJ Opens Criminal Probe into Stolen FTX Assets
According to a Dec. 27 Bloomberg report, the United States Department of Justice has launched an investigation into the whereabouts of approximately $372 million in missing digital assets. This development signifies a major escalation in the legal ramifications stemming from the FTX debacle.
Separate Investigation from Sam Bankman-Fried Case
It is crucial to understand that The Department of Justice has launched a criminal probe into the stolen assets that is separate from the fraud case against FTX co-founder Sam Bankman-Fried. This separate investigation focuses specifically on the circumstances surrounding the missing funds and those responsible for their disappearance. The Department of Justice has launched a criminal probe into the stolen assets that is separate from the fraud case against FTX co-founder Sam Bankman-Fried.
Details of the FTX Hack
After FTX filed for bankruptcy, the US Department of Justice (DOJ) opened a criminal investigation into the attack that led to the loss of around $372 million from wallets. The probe aims to uncover the identity of the hackers, the methods employed in the attack, and the current location of the stolen cryptocurrency. This investigation is critical in the pursuit of justice for FTX users and creditors affected by the exchange's downfall.
What's Next in the FTX Investigation?
The DOJ's investigation into the $372 million FTX hack is ongoing, and further details are expected to emerge as the probe progresses. Stay tuned for updates on this developing story as we continue to follow the legal proceedings surrounding FTX and the recovery efforts for the missing assets.