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'Substantial amount' of FTX's assets stolen or missing — bankruptcy counsel

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cointelegraph.com

James Bromley, a partner at law firm Sullivan & Cromwell representing debtors in FTX’s bankruptcy case in the District of Delaware, has said that assets at the firm continue to be at risk from cyberattacks.In a livestream of FTX Trading’s bankruptcy proceedings on Nov.

22, Bromley said new FTX CEO John Ray had laid out core objections aimed at getting the firm, remaining employees, and funds through the controversial and public collapse.

According to the FTX co-counsel, a core group of employees have continued to work at the exchange to ensure assets were secure and records maintained, but hackers have posed a threat since Nov.

11 when the company filed for Chapter 11.“We’re not just talking about crypto assets, or cash assets, or physical assets — we’re also talking about information, and information here is an asset,” said Bromley. “Unfortunately [...] a substantial amount of assets have either been stolen or are missing.

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