A hack is currently underway on the FTX exchange, the day after the company declared bankruptcy and the resignation of Sam Bankman-Fried as CEO. It is strongly recommended to uninstall the FTX mobile application and not to access the official site of the exchange until the light is shed on these events.
❗It is currently recommended not to use the FTX mobile app as well as the exchange website.
This article is updated in real time.
Cryptocurrency exchange FTX gets siphoned off
Cryptocurrency exchange FTX, declared bankrupt under US Chapter 11, currently undergoing a massive multi-hundred million dollar hack whose origin remains unknown at the time of writing these lines.
Particularly suspicious movements of funds were identified around 4 a.m., amounts to tens of millions of dollars all from corporate portfolios.
Hundreds of millions of dollars are now flowing out of FTX wallets, some speculate liquidators but it’s late on a friday night, not typical times for such rapid heavy movements. Some withdrawals are being swapped from Tether to DAI. Hack or insider stocks? $26 million here pic.twitter.com/8wWlaE7na9
— foobar (@0xfoobar) November 12, 2022
“Hundreds of millions of dollars are flowing out of FTX wallets right now, some are speculating on liquidators, but it’s late on a Friday night, not the usual time for such rapid and large moves. Some withdrawals are swap from USDT to DAI. Hack or insider trading? $26 million here. »
The flaw is officially confirmed at 5:52 a.m. by FTX Support Team Member Rey on the exchange’s dedicated Telegram channel:
“FTX has been hacked. The chat is open. Do not go to the FTX site as it may download Trojans. Note that some funds have been recovered. »
After multiple transfers, the hacker’s wallet records over $375 million at the time of this writing.
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