Jan 17 Reuters Bankrupt crypto exchange FTX said in a report to creditors on Tuesday that about 415 million in cryptocurrency had been stolen in hacks.
FTX has said it had recovered over 5 billion in crypto, cash and liquid securities, but that significant shortfalls remained at both its international and U.S. crypto exchanges. FTX attributed some of the shortfall to hacks, saying that 323 million in crypto had been hacked from FTX39;s international exchange and 90 million had been hacked from its U.S. exchange since it filed for bankruptcy on Nov. 11.
Indicted founder Sam BankmanFried later challenged aspects of the company39;s report in a blog post.
BankmanFried, who has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his cryptofocused hedge fund, Alameda Research, pushed back against FTX39;s calculations late Tuesday, saying that the company39;s lawyers at Sullivan Cromwell had presented an extremely misleading picture of the company39;s finances.
BankmanFried said FTX has more than enough money to repay U.S. customers, whom he says are owed between 181 million and 497 million based on his best guess. BankmanFried has not had access to FTX records since stepping down as CEO in November.
A spokesperson for Sullivan and Cromwell declined to comment. Attorneys at the firm said in a recent court filing that they have rebuffed BankmanFried39;s efforts to stay involved in the company39;s bankruptcy proceedings.
BankmanFried has…