When more than $400 million worth of crypto was mysteriously pulled out of the coffers of what was once the world’s biggest cryptocurrency exchange, FTX, on the very day that it declared bankruptcy in November of 2022, many initially suspected insiders at the company—including, potentially, then CEO Sam Bankman-Fried, now convicted of fraud. But clues left across blockchains over the past year suggested instead that external thieves had chosen a particularly inconvenient moment during FTX’s meltdown to pull off an enormous heist.

Source: Wired – Threat Level