Paxos, a blockchain and trust company, has successfully reclaimed $20 million worth of gold tokens held in the wallets of an unknown attacker who hacked FTX in November.
Sam Bankman-Fried's failed exchange was exploited to the tune of $400 million shortly after it filed for Chapter 11 bankruptcy protection last month. Among the stolen assets were Paxos Gold (PAXG), tokens that are backed by real gold in Paxos' custody.
Paxos quickly froze 11,184 Paxos Gold (PAXG) worth $20 million from four hacker-controlled wallets. Now, about six weeks later, the team has fully reclaimed the assets.
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