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CoinGape 2023-10-12 16:03:14

Elliptic Links FTX’s $400 Million Loss to Russian Syndicates

Stolen assets worth an estimated $400 million from the now-defunct FTX crypto exchange have potentially been traced back to Russia-based cybercriminal groups. This revelation comes from a detailed analysis by Elliptic, a leading research firm. Five days after the theft, a significant portion, 65,000 ETH (equivalent to $100 million), was moved to the Bitcoin blockchain. The post Elliptic Links FTX’s $400 Million Loss to Russian Syndicates appeared first on CoinGape .

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