FTX hires financial forensics to find missing client funds
The Wall Street Journal reports that the FTX exchange restructuring team has hired financial forensics from AlixPartners to search for missing client funds.
The forensics team will be led by former U.S. Securities and Exchange Commission (SEC) chief accountant Matt Jacques and tasked with tracing and recovering missing digital assets.
For example, the team will track funds withdrawn from exchange wallets on November 11th. As reported, the withdrawal was made to save clients' funds, but since then the assets have been transferred to various cryptocurrency mixers and exchanges for laundering.
