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Former FTX chief executive Sam Bankman-Fried leaving a hearing in Manhattan federal court in New York on January 3.

Sam Bankman-Fried, former CEO of FTX

Collapsed cryptocurrency exchange FTX says around $415m (£338m) worth of crypto has been stolen by hackers.

About $323 million has been hacked from its international exchange and $90 million from its US platform since the company filed for bankruptcy, FTX CEO Says.

FTX co-founder Sam Bankman-Fried has been accused of stealing billions of dollars from FTX users to pay the debts of his other company, Alameda Research.

Mr. Bankman-Fried has pleaded not guilty to fraud charges.

Last week, the company told a Delaware bankruptcy judge that he had recovered more than $5 billion in assets.

On Tuesday, FTX provided further details, saying it had recovered $1.7 billion in cash, $3.5 billion in so-called liquid cryptocurrency and $300 million in liquid securities.

In finance, the term “liquid” means that an asset can be easily converted into cash without affecting its value.

The company also said it had identified significant shortcomings in its international and US stock exchanges.

However, he did not provide an estimate of total liabilities.

FTX, which a year ago was valued at $32 billion, filed for bankruptcy on November 11. It was estimated that $8 billion in customer funds were missing.

Mr. Bankman-Fried, who co-founded FTX in 2019, was one of the most high-profile figures in the cryptocurrency industry, known for his political ties, celebrity endorsements and bailouts of other companies in trouble.

He was arrested in December in the Bahamas, where he lived and where FTX was based.

Mr Bankman-Fried was extradited to the United States, where he was released on $250 million bail. His bail conditions required that he wear an electronic monitoring bracelet and remain largely confined to the California home of his parents, Stanford University law professors.

At a press conference last month, federal prosecutors said the collapse of the platform, which allowed customers to buy and sell digital tokens, stemmed from “intentional fraud.”

Prosecutors accused Mr. Bankman-Fried of misappropriating funds from FTX clients to pay debts of his other company, Alameda, and to make other investments.

They announced eight criminal charges, including wire fraud, money laundering and campaign finance violations. Financial regulators have also filed a complaint against Mr. Bankman-Fried. He denied the charges.

Later Tuesday, Mr. Bankman-Fried reiterated his assertion that “FTX US is solvent, as it always has been.”

In an interview with BBC News before his arrest, he said: “I didn’t knowingly commit fraud. I don’t think I committed fraud. I didn’t want that to happen. I certainly wasn’t as competent as I thought I was. “



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