Incident All ledgers
FTX: $450.0m
FTX lost $450.0m on 12 November 2022. Ranked 9th of 1,272 crypto failures, with method, returned funds and comparable incidents.
- Date
- 12 November 2022
- Lost
- $450.0m
- Returned or repaid
- None recorded
- Target
- CEX
- Category
- Social Engineering
- Method
- Phishing
- Chains
- Ethereum, Solana
In November 2022, during FTX's bankruptcy, a SIM-swapping gang took about $450M in crypto by using fake IDs at AT&T stores to hijack employee phone accounts, intercept 2FA codes and drain wallets.
Against the ledger
- It ranks 9th of the 1,272 incidents with a known loss, and 3rd in 2022.
- It accounts for 87.4% of the $515.2m in known losses in November 2022.
- 61 incidents in the ledger are classified as Social Engineering, for $3.12bn in total. This one is 14.4% of that.
- The ledger records no returned funds.
Closest in size by the same method
| Date | Target | Lost | Type | Method | Returned |
|---|---|---|---|---|---|
| 21 Feb 2025 | Bybit | $1.40bn | CEX | Signer Phishing | $1.40bn |
| 31 May 2024 | DMM Bitcoin | $305.0m | CEX | Phishing | $305.0m |
| 18 Jul 2024 | WazirX: India | $234.9m | CEX | Signer Phishing | — |
| 20 Sept 2022 | Wintermute | $160.0m | Other | Phishing | — |
| 10 Nov 2023 | Poloniex | $126.0m | CEX | Malware | — |
All failures in 2022 · The failures ledger
Amounts are DefiLlama’s estimates and can change as incidents are revalued. Its returned figure can include money a company repaid itself, not only funds recovered from attackers. Source: DefiLlama.
Cite this Bitminer.io, “FTX, failures ledger”, data to 2 November 2026, https://bitminer.io/ledger/incident/ftx-2022-11-12/. How this is built