Reports say the Justice Department is investigating $372 million in missing FTX funds

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The US Department of Justice has opened a criminal investigation into the $372 million in stolen FTX assets. New Bloomberg report.

Probe, which is independent of Fraud case against Sam Benkman-Fried, founder of FTXThe focus is on more than $370 million that disappeared just hours after the cryptocurrency exchange. declared bankruptcyAccording to Bloomberg, according to a person familiar with the case, it is not yet clear whether this was an internal work or the work of hackers. The report says that US authorities have so far managed to freeze only a small portion of the stolen funds.

This investigation is carried out by the National Digital Currency Implementation Team It was established last year Focus on cybercrime and illegal cryptocurrency activities. NCET works with federal prosecutors in Manhattan who conduct criminal investigations Bankman-Friedwho is accused of mismanaging billions in client funds to support FTX and faces eight counts of conspiracy and criminal activity related to wire fraud, commodities fraud, securities fraud, money laundering and campaign finance violations.

In a separate fraud case against Bankman-Fried, more Court documents were released Tuesday reported shows that the former CEO, who was recently He was released on $250 million bailSaid that he and Gary Wang, the founder of FTX more than 546 million dollars in loans from Alameda researcha trading company set up by Bankman-Fried to buy stock Robin Hooda free trading program.

The Justice Department did not immediately respond to a request for comment.

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