FTX Lawyer Says ‘Substantial Amount’ of Crypto Firm’s Assets Stolen or Missing

FTX lawyer says a substantial amount of crypto assets are missing or stolen

James Bromley said a substantial amount of FTX's assets cannot be located, giving rise to cyberattack concerns, The Wall Street Journal reported.

FTX lawyer: 'Substantial amount' of assets has been stolen

FTX estimates that there are more than 1,00,000 claims against it so far, and that number is likely to rise to above 1 million once the bankruptcy case is settled

FTX lawyer: 'Substantial amount' of assets has been stolen

The lawyers for FTX disclosed Tuesday that a “substantial amount" of assets has been stolen from the accounts of the collapsed cryptocurrency exchange, diminishing the odds that its millions of investors will get their money back.

FTX lawyer says 'substantial amount' of assets are either stolen or missing

By Allison Morrow, CNN BusinessThe full extent of FTX’s financial disarray is becoming clearer as the failed crypto exchange’s new management combs for cash as part of the bankruptcy process.In the company’s first Chapter 11 hearing in Delaware Tuesday, restructuring attorney James Bromley said that a “substantial amount” of assets have been stolen or are missing.FTX, formerly one of the most trusted brands in crypto, filed for bankruptcy earlie…

FTX lawyers: Substantial amount of assets are missing - La Prensa Latina Media

New York, Nov 22 (EFE).- Attorneys for the FTX cryptocurrency platform, which on Tuesday appeared in US bankruptcy court, confirmed that a “substantial” quantity of the firm’s assets are missing or have been stolen.“A substantial quantity” of assets “have either been stolen or are missing,” said newly appointed FTX lawyer James Bromley during a hearing held in a federal court in Delaware, The New York Times reported.Last week, the new FTX CEO, J…

Crypto exchange has substantial ‘missing’ assets, FTX lawyer says

At a bankruptcy hearing, the lawyer for the company said the assets were either stolen or missing.