According to reports, the US Department of Justice has launched a criminal investigation into the alleged hack that drained nearly $400 million from FTX-controlled wallets the night the Bahamas-based exchange declared bankruptcy. Massive outflows of cryptocurrencies began to flow out of FTX and FTX US wallets between November 11 and the early hours of November 12. Several FTX employees told Twitter sleuth ZachXBT that they were unaware of the transfers. Bloomberg broke the story on Tuesday, citing sources familiar with the situation. According to Bloomberg, the criminal investigation is separate from the fraud case against disgraced former CEO Sam Bankman-Fried, and authorities have been able to freeze a portion of the stolen funds.
