$600 Million In Crypto Is Mysteriously Flowing From FTX Wallets Potentially Hacked Exchange – Ethereum (ETH/USD)

0 Million In Crypto Is Mysteriously Flowing From FTX Wallets Potentially Hacked Exchange – Ethereum (ETH/USD)

More than $600 million in cryptocurrency mysteriously disappeared from the wallet of the bankrupt exchange FTX.

In the aftermath, FTX announced on its official Telegram channel that the exchange had been hacked and advised users not to install any new updates and to delete all FTX apps.

FTX General Counsel Ryne Miller on Telegram pinned a message written by an account administrator that going to the FTX site could lead to the download of Trojans.

“FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Do not enter FTX site as it may download trojans,” the account administrator wrote.

Also Read: Binance’s CZ Slams Report Binance’s Reserves Are Full of Its Own Tokens: ‘Numbers Are All Wrong’

Various tokens are transferred to DEXs

Various Ethereum ETH/USD tokens, as well as Solana SOL/USD and Binance Smart ChainBNB/USD tokens, have left FTX’s official wallets and transferred to decentralized exchanges such as 1 inchaccording to data from the chain.

Apparently both FTX and FTX US are affected.

Earlier, Miller tweeted, “Investigating wallet movement anomalies related to consolidation of FTX balances across exchanges – obscure facts that other movements do not clear. Will share more information as soon as we have it.”

The transfers come on the same day that FTX officially filed for Chapter 11 bankruptcy protection after claiming to lose billions of dollars in user funds. The transfers have not been officially processed by FTX management.

FTX users see $0 in their wallet

Numerous FTX wallet owners have also reported seeing $0 balances in their FTX.com and FTX US wallets. This may be due to the FTX API not being available.

See also  Dropbox 'Hacker' Didn't Steal Passwords or Data from 700 Million Users

FTX founder Sam Bankman-Fried was the target of lewd jokes and insults apparently included in some of the transactions.

This led to immediate speculation on Twitter from members of the cryptocurrency community that the funds had been siphoned off as part of some sort of attack.

Others alleged that a member of Bankman-Fried’s inner circle may be responsible for organizing the outpourings.

“Several former FTX employees confirmed to me that they do not recognize these transfers,” tweeted online crypto expert ZachXBT.

At midnight Eastern Time, FTX’s login portal was down (the site is still up), and users trying to log in were getting a 503 error.

Next: FTX US stops processing withdrawals, 1 day after Bankman-Fried says company is 100% liquid

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