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    FTX Appear To Be Hacked, More Than $600M Drained From Customer Wallets

    After 5 days rocking the crypto industry, FTX declared bankruptcy and Sam Bankman-Fried resigned as CEO of FTX. But the story didn’t end there as FTX and FTX US wallets appear to be hacked, with more than $600M leaving the exchange late on Friday.

    What users need to do now is to uninstall all FTX apps on the phone. “FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don’t go on FTX site as it might download Trojans”, an account admin in the FTX Support Telegram channel wrote in a message.

    FTX General Counsel Ryne Miller also pinned the message after tweeting earlier that he was investigating abnormalities with wallet movements related to consolidation of FTX balances across exchanges”.

    $600 million in crypto has been moved to Ethereum, Solana, BNB LINK, AVAX and MATIC wallets. These assets belong to customers who had their accounts frozen during the dramatic “bank run” this week, not from the FTX coffers. On Twitter, many FTX users claim that they are seeing $0 balances in their FTX.com and FTX US wallets.

    Last night, Sam Bankman-Fried stepped down as chief executive officer and FTX commenced Chapter 11 bankruptcy proceedings due to a massive liquidity crunch. Bankman-Fried’s quantitative trading firm Alameda Research has also filed for bankruptcy.

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