The post Crypto Hack Weekly Report: FTX’s $400 Million Finally Found? appeared first on Coinpedia Fintech News
January left the crypto community on edge with a whopping $100 million stolen from Ripple. However, February has been smoother, steering clear of major hacks so far.
But buckle up because the past week in crypto has been quite a rollercoaster, unveiling some gripping developments.
The Mystery of the Missing $400 Million
In November 2022, FTX, a centralized cryptocurrency exchange, was hacked by an unknown group of hackers who used a sophisticated sim-swapping scheme to steal over $400 million from the exchange
In a successful catch, The U.S. federal government last week charged three people with a years-long phone hacking conspiracy that culminated in the infamous theft of $400 million from FTX as Sam Bankman-Fried’s crypto exchange was collapsing.
The Department of Justice’s charges not only cracked the case of the phone hacking conspiracy but also answered a crucial
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