Hackers who stole around $477 million worth of cryptocurrency from collapsed exchange FTX have started to launder the funds into bitcoin . Blockchain analytics company Elliptic estimates that around $477 million worth of cryptocurrency had been stolen from FTX. The theft adds insult to injury to FTX, a once $32 billion crypto empire who collapse has sent shockwaves across the industry. Crypto compliance software company Chainalysis in a tweet on Sunday also confirmed that hackers are moving funds. The implosion of FTX has left Bankman-Fried a paper pauper and investors left unable to access their crypto assets.

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