Cryptocurrencycybersecurity News

FTX Hack Mystery Solved: Trio Charged with $400M Theft

The U.S. federal government has charged three individuals with a phone hacking conspiracy, alleging their involvement in the theft of $400 million from FTX during the crypto exchange's collapse. The trio is accused of operating a SIM swapping ring and targeting fifty victims between March 2021 and April 2023, with the most notable heist being the siphoning of funds from FTX in November 2022. This development sheds light on the mystery surrounding the disappearance of hundreds of millions of dollars in crypto from the exchange during its bankruptcy protection filing.