FTX Crypto Exchange Collapses | Over $300 Million Hack Reported After Filling For Bankruptcy | November 12 2022

1 min read

After Sam Bankman-Fried FTX Crypto Exchange & FTT Token Collapse, Users Are Reporting Millions Are Lost In Hack. Here’s the story:

The crumbling crypto exchange FTX says it’s been hacked.

As a flood of users began reporting sudden $0 balances and on-chain analysts began tracking millions of dollars appearing to exit the exchange, FTX general counsel Ryne Miller released a statement on the company’s Telegram channel.

“FTX has been hacked. Chat is open. Don’t go to FTX site as it might download Trojans. Note that some funds were retrieved.”

Miller also released a statement on Twitter.

“Investigating abnormalities with wallet movements related to consolidation of ftx balances across exchanges – unclear facts as other movements not clear. Will share more info as soon as we have it.”

So far, on-chain analyst ZachXBT has pinned the amount of crypto on the move at $383 million.

ZachXBT also says stablecoin issuer Tether has blacklisted portions of USDT related to the address involved in the transfers, which Etherscan has now labeled as “FTX Accounts Drainer.”

FTX also tells its users that all of its apps are infected with Malware.

“FTX apps are malware. Delete them. Chat is open. Don’t go on FTX site as it might download Trojans.”

Users who have dared to log into the potentially-infected web-based version of the site have said it’s now impossible to do so anyway.


Via this site