Trio Indicted in $400 Million FTX Crypto Exchange Heist

Indictment for $400M Crypto Heist

Three individuals have been indicted by the U.S. government in connection with a major cryptocurrency theft. The elaborate phone hacking conspiracy, which employed SIM swapping tactics, led to the seizure of $400 million from a crypto exchange identified as FTX by Bloomberg.

Theft during Turmoil

The indictment outlines a series of fraudulent activities by the accused between March 2021 and April 2023. During the collapse of Sam Bankman-Fried's FTX, their most audacious move occurred. In November 2022, they exploited a vulnerability through an AT&T employee to withdraw a colossal sum from the crashing exchange.

Unraveling the FTX Mystery

This indictment clears the smoke surrounding the mysterious disappearance of a massive amount of cryptocurrency during FTX's bankruptcy filing period. The involvement of $400 million in vanished capital has been one of the perplexing issues looming over the FTX narrative, and these charges may provide some resolution.