The mystery of a $400 million heist of virtual currency from FTX, linked to an American cybercriminal gang, is now solved. The heist is believed to be linked to the Powell SIM Swapping Crew, who used SIM swaps to steal funds from victims' accounts. The heist occurred on the day of FTX's bankruptcy declaration and may have been the FTX heist. While the stolen funds may have moved through international money launderers, some of the funds may have been recovered, potentially clearing Sam Bankman-Fried's involvement.

FTX Heist Mystery Solved