On Friday, the cryptocurrency exchange FTX filed for Chapter 11 bankruptcy protection in the United States.
Elliptic Connect, an analytics firm, conducted a review. A total of $473 million is suspected to have been stolen, according to the firm estimates. According to Elliptic Connect There appears to have been a compromise involving $278 million on Ethereum, $106 million on Solana, $89 million on BSC, and $4 million on Avalanche.
Over $220 million in tokens have been exchanged for ETH or DAI on decentralized exchanges, a common tactic used by thieves to avoid asset seizure.
Musk has taken a dig at FTX and Sam Bankman.
Nansen, the blockchain research firm has reported massive withdrawal linked to onw Wallet address.
On Friday, the Bahamas-based FTX and approximately 130 affiliated companies filed for Chapter 11 bankruptcy in Delaware.
Sam Bankman-Fried had stepped down as CEO.
According to the Bloomberg, $16 billion fortune of Sam Bankman-Fried has been wiped out and is the example of one of the greatest wealth destruction