Exploiter Moves Funds as FTX Requests Help

That $600 million or so stolen shortly after collapsed crypto exchange FTX filed for bankruptcy just over a week ago has since been converted into enough Ether to make the exploiter one of the largest holders of that coin. Now, those funds are on the move again, their conversion into other coins raising fresh questions about the perpetrator(s). We address them at the top of today’s Real Vision Crypto Daily Briefing. Elaine Ly and Ash Bennington welcome Genevieve Roch-Decter, the CEO of Grit Capital and a Chartered Financial Analyst, and Thomas Braziel, a managing partner at distressed asset specialist 507 Capital, to discuss the whereabouts of the missing funds, FTX’s potential liabilities, other vulnerable companies, and an important new deadline for customers of bankrupt crypto lender Celsius Network.
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That $600 million or so stolen shortly after collapsed crypto exchange FTX filed for bankruptcy just over a week ago has since been converted into enough Ether to make the exploiter one of the largest holders of that coin. Now, those funds are on the move again, their conversion into other coins raising fresh questions about the perpetrator(s). We address them at the top of today’s Real Vision Crypto Daily Briefing. Elaine Ly and Ash Bennington welcome Genevieve Roch-Decter, the CEO of Grit Capital and a Chartered Financial Analyst, and Thomas Braziel, a managing partner at distressed asset specialist 507 Capital, to discuss the whereabouts of the missing funds, FTX’s potential liabilities, other vulnerable companies, and an important new deadline for customers of bankrupt crypto lender Celsius Network.

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