US Indicts Three in $400 Million FTX Hack

The indictment reveals a SIM-swapping scheme that targeted the cryptocurrency exchange during its collapse.

Three individuals have been charged with conspiracy to commit wire fraud and identity theft in connection to the FTX hack.
The hack occurred on the same day FTX filed for bankruptcy, leading to a loss of $400 million in cryptocurrency.
The scheme involved SIM-swapping attacks, allowing the perpetrators to bypass multifactor authentication and access FTX's funds.
The indictment does not explicitly name FTX as the victim, but details align with the publicly known information about the hack.
This marks a significant development in unraveling the mystery behind the massive theft from FTX.