A team of financial forensic investigators has been reportedly hired to track down the billions of dollars worth of digital assets missing from FTX.
The new management for bankrupt crypto exchange FTX has reportedly hired a team of financial forensic investigators to track down the billions of dollars worth of missing customer crypto.
Financial advisory company AlixPartners was chosen for the task and is led by former Securities and Exchange Commission chief accountant, Matt Jacques, according to a Dec. 7It is understood that the forensics firm will be tasked with conducting “asset-tracing” to identify and recover the missing digital assets and will complement the restructing work being undertaken by FTX.Former CEO Sam Bankman-Fried claimed in an interview recorded on Nov.
and that he had “narrowed it down to eight people” believing it was “either an ex-employee or somewhere someone installed malware on an ex-employee’s computer.”stated that “a substantial amount of assets have either been stolen or are missing” from FTX, and revealed at the time that blockchain analytics firms such as Chainalysis had been enlisted to help as part of the proceedings.
The stolen funds from FTX have since been on the move through various crypto mixers and exchanges to launder the funds.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs to Spend 'Tens of Millions' on Discounted Crypto Investments After FTX Implosion: Report.GoldmanSachs is looking to spend tens of millions of dollars for investments in crypto firms, whose valuations have been hit after the FTX bankruptcy. By egreechee
Read more »
Sam Bankman-Fried hires defense attorney as US authorities probe FTX: ReportA spokesperson for Sam Bankman-Fried said the former FTX CEO has retained a defense attorney amid civil litigation from investors and investigations by lawmakers and regulators.
Read more »
Taylor Swift had a $100M FTX sponsorship deal fall apart prior to its bankruptcy: ReportFTX was reportedly in the late stages of negotiating a sponsorship deal with Taylor Swift months before its liquidity crisis and bankruptcy.
Read more »
Report: FTX Co-Founder SBF Retains White-Collar Lawyer Who Represented Ghislaine Maxwell – Bitcoin NewsThe former FTX CEO Sam Bankman-Fried (SBF) reportedly retained the attorney Mark Cohen, the lawyer that represented Ghislaine Maxwell.
Read more »
Goldman Sachs reportedly looking to buy crypto firms after FTX collapseMathew McDermott argued that while the FTX collapse became a poster child for crypto, the technology behind crypto “continues to perform.”
Read more »
Michael Saylor on the FTX fiasco: 'Unethical and illegal from the very beginning'Michael Saylor opened up about the FTX saga, saying that SBF and 'most of the people in the crypto world were always guilty of the sin of shitcoinery.'
Read more »