U.S. Looks Into $370 million Theft Following FTX Bankruptcy: Bloomberg News.

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According to Bloomberg News, which cited a source familiar with the investigation, federal authorities are looking into an alleged theft that allegedly siphoned off more than $370 million from cryptocurrency exchange FTX hours after it declared bankruptcy.

The Department of Justice’s criminal investigation into the stolen property is unrelated to the fraud case against FTX co-founder Sam Bankman-Fried, the report said.

The Manhattan U.S. attorney’s office representative declined to confirm or comment on the matter, while FTX and the DoJ did not immediately respond to a request for comment from Reuters.

Bankman-Fried left his position as CEO and FTX filed for bankruptcy in the United States last month after traders withdrew billions from the platform in just three days and a competing exchange, Binance, abandoned a rescue plan.

The U.S. Department of Justice accused Bankman-Fried of causing billions of dollars of losses related to FTX, which a U.S. prosecutor called a “fraud of epic proportions.”


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