Over $400 million worth of cryptocurrency has been stolen from crypto exchange FTX since it filed for bankruptcy.

The exchange, which is at the centre of multiple criminal investigations, has published a report to creditors which showed that $323 million in crypto had been hacked from FTX's international exchange and $90 million stolen from its US exchange since filing for bankruptcy on November 11.

FTX also said that it had recovered over $5 billion. This is made up of $1.7 billion in cash, $3.5 billion in liquid cryptocurrency and $300 million in liquid securities.

The already tense standoff between FTX and its investors was subsequently exacerbated by disgraced founder Sam Bankman-Fried who published a blog post challenging the report. In his post, Bankman-Fried said that the company's lawyers at Sullivan & Cromwell had presented an "extremely misleading" picture of FTX’s financial state.

He would go on to claim that FTX has enough money to repay its US customers which, based on his “best guess” are owed between $181-497 million. It is however worth noting that Bankman-Fried has not had access to FTX’s records since stepping down as chief exec. FTX itself has not provided an estimate on the amount owed to its customers.

A spokesperson for Sullivan & Cromwell declined to comment, though a recent court filing shows that lawyers at the company have pushed back against Bankman-Fried’s desire to stay involved with the company he founded.

Bankman-Fried meanwhile has been accused of stealing billions of dollars from FTX customers to pay off debts incurred by his crypto-focused hedge fund, Alameda Research. The 30-year old has pleaded not guilty to multiple fraud charges and is scheduled to face trial in October.

FTX did not provide an estimate of the amount owed to FTX's U.S. or international customers, and it did not immediately respond to questions about Bankman-Fried's blog post.

In a statement, FTX’s now CEO John J. Ray III – an attorney who specialises in recovering funds from failed corporations – said: "We are making progress in our efforts to maximise recoveries, and it has taken a Herculean investigative effort from our team to uncover this preliminary information.”

Ray also confirmed that FTX has settled an ongoing dispute with the Securities Commission of the Bahamas which seized assets in November. Ray said that the dispute has been resolved and that the Bahamian government was holding $426 million for creditors.

Meanwhile Philip Davis, prime minister of the Bahamas, told attendees at the Atlantic Council in Washington that the FTX team had “come around” and accepted that the seizure "was appropriate and perhaps has saved the day for many of the investors in FTX."

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