FTX hires forensics team to find customers’ missing billions: Report

FTX brings on new forensics team to hunt down customers' missing billions...

New era for FTX         Investigators rally         To recoup assets It sounds like FTX is on the hunt for its missing billions. According to a recent report from the Wall Street Journal, the cryptocurrency exchange is reportedly using a team of financial forensic investigators to track down users' missing crypto.  The investigation will be handled by the Financial advisory company AlixPartners and will be led by former Securities and Exchange Commission (SEC) chief accountant, Matt Jacques.  The new team will be tasked with conducting "asset-tracing" to identify and recover the missing digital assets while assisting with the restructuring work being undertaken by FTX.  Former CEO Sam Bankman-Fried revealed in an interview with crypto blogger Tiffany Fong that he was close to finding who the hacker was and that he had "narrowed it down to eight people" believing it was "either an ex-employee or somewhere someone installed malware on an ex-employee's computer." However, FTX's new CEO and chief restructuring officer, John Ray III, was not amused with his predecessor, saying that "never" in his 40-year career had he "seen such a complete failure of corporate controls." While it is good to see progress being made on this case, it may be too optimistic to expect all of the stolen crypto to be recovered. We can only hope that the new financial investigators are able to recover assets for those who have been devastated by this collapse. Want to learn more? Read the full story here on Cointelegraph. Keep up with all the most interesting events happening in the crypto space. Leverage the same AI technology that Cointelegraph's journalists use to surface the latest news with the NewsQuakes™ indicator that's only available on Markets Pro. Russell DeCorte Director Markets Pro © 2022 COINTELEGRAPH MARKETS PRO COINFIDENTIAL. Copyright © 2022 Cointelegraph Markets Pro, All rights reserved. You are receiving this email because you opted in at our website. Our mailing address is: Cointelegraph Markets Pro 21 W 46th St New York, NY 10036-4119 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.