According to Bloomberg, the U.S. Department of Justice (DOJ) said that the missing $400 million from FTX was stolen due to a SIM swap hack, and three people have been charged with orchestrating a SIM swap scam. According to an indictment filed in federal court in Washington, the trio collected the personal data of about 50 victims and used the information to convince cell phone providers to transfer the victims' phone numbers to their virtual phones, which could intercept them in the process. SMS text messages, including multi-factor authentication codes, which allowed hackers to compromise victims’ financial accounts and crypto wallets. The indictment does not mention FTX, but two people familiar with the matter confirmed in court documents that FTX was in fact one of the victim companies.