Cybersecurity News. PHOTO: Cybercrime Magazine.

Jack Thacker’s Story: He Lost $200K When FTX Imploded.

This week in cybersecurity from the editors at Cybercrime Magazine

Listen to the Cybercrime Magazine Podcast Interview

Sausalito, Calif. – Jun. 14, 2024

In Nov. 2022, Jake Thacker discovered more than $200,000 of his crypto and cash had gone missing. He’d been counting on it to pay off debts, and to pay taxes on stock he’d sold.

Thacker was caught up in the collapse of cryptocurrency exchange FTX, unable to withdraw what he had stored on the site.

“I went in, looked at where some of my account balances were, it didn’t seem to be right,” Thacker told NPR at the time. “Everything was frozen, there were all kinds of error issues. I was definitely in freak-out mode.”

Thacker recently came on the Cybercrime Magazine Podcast to share his story and to tell us if he got any of his money back.

Listen to the Interview



Cybercrime Magazine is Page ONE for Cybersecurity. Go to any of our sections to read the latest:

  • SCAM. The latest schemes, frauds, and social engineering attacks being launched on consumers globally.
  • NEWS. Breaking coverage on cyberattacks and data breaches, and the most recent privacy and security stories.
  • HACK. Another organization gets hacked every day. We tell you who, what, where, when, and why.
  • VC. Cybersecurity venture capital deal flow with the latest investment activity from various sources around the world.
  • M&A. Cybersecurity mergers and acquisitions including big tech, pure cyber, product vendors and professional services.
  • BLOG. What’s happening at Cybercrime Magazine. Plus the stories that don’t make headlines (but maybe they should).
  • PRESS. Cybersecurity industry news and press releases in real time from the editors at Business Wire.
  • PODCAST. New episodes daily on the Cybercrime Magazine Podcast feature victims, law enforcement, vendors, and cybersecurity experts.
  • RADIO. Tune into WCYB Digital Radio at Cybercrime.Radio, the first and only round-the-clock internet radio station devoted to cybersecurity.

Contact us to send story tips, feedback and suggestions, and for sponsorship opportunities and custom media productions.