United States: In a report to creditors on Tuesday, bankrupt cryptocurrency exchange FTX said that approximately $415 million in cryptocurrency was stolen as a result of the hack.

Since FTX filed for bankruptcy on November 11, CEO John Ray said in a separate statement that $323 million in cryptocurrency had been stolen from its international exchange and $90 million from a US exchange.

FTX creator Sam Bankman-Fried has been accused of defrauding the company of billions of dollars to pay off the debt of his crypto-focused hedge fund, Alameda Research. Bankman-Fried has pleaded not guilty to the fraud charges.

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Nine weeks after filing for bankruptcy, FTX informed a Delaware bankruptcy judge that it had successfully recovered more than $5 billion in cryptocurrency, cash and liquid securities.

On Tuesday, the business provided more details, saying it had recovered $1.7 billion in cash, $3.5 billion in liquid cryptocurrencies and $300 million in liquid securities.

Although FTX did not provide a breakdown of all liabilities, it claimed to have found significant flaws in both its international and US crypto exchanges.

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"It has taken an extremely investigative effort from our team to find this preliminary information, but we are making progress in our efforts to maximize recovery," Ray said in the statement.

Based on cryptocurrency prices on November 11, 2022, Solana held a total of $685 million in crypto assets, including $529 million in FTX's proprietary FTT token and $268 million in bitcoin. Bankman-Fried praises Solana, but it will lose most of its value in 2022.

The dispute between FTX's US-based bankruptcy team and Bahamian regulators resulted in an asset seizure by the Bahamas' Securities Commission in November, which was discovered during the company's initial investigation into a system hack.

It was announced by Ray on Tuesday that the Bahamian government was setting aside $426 million for creditors as a result of the two sides' resolution of their differences in January.

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During a Tuesday event at the Atlantic Council in Washington, Bahamas Prime Minister Philip Davis brought up the conflict, saying that Ray's team had "come around" and acknowledged that the Bahamian asset seizure was "appropriate and would probably attract many investors." Saved the day for in FTX."