FTX says $415m of digital assets were stolen by hackers

The collapsed cryptocurrency exchange FTX has said that around $415m (£335m) of its digital assets have been stolen by hackers since it filed for bankruptcy.

Restructuring experts dealing with the failure of the digital coin exchange said around $323m was hacked from its international exchange, based in the Bahamas, while $90m was lost from its US business. In the wake of its implosion in November, FTX said funds were subjected to “unauthorised third-party transfers”.

The collapse exposed an $8bn black hole in its accounts. Founder Sam Bankman-fried has been accused of committing “massive” fraud by US authorities and faces a trial in October. The 30-year-old denies the charges.