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FTX claims hack

Updated on 2022-11-14

FTX reported suffering a theft of $600 million from its wallets. The crypto exchange urged users to delete their FTX apps and refrain from using the website. Read more: $1 billion of FTX customer funds have vanished, Reuters reported

Updated on 2022-11-13: ‘FTX Has Been Hacked’ – Outflows Exceeding $600M

FTX officials appeared to confirm rumours that the exchange had suffered a $600 million hack, instructing users to delete FTX apps and avoid its website, in the latest saga for the bankrupt exchange. Over $600 million was siphoned from FTX’s crypto wallets on Friday, soon after which the exchange stated in its official Telegram channel “FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don’t go on FTX site as it might download Trojans”. Members of the crypto community have however been speculating that the outflows could have been coordinated by a member of CEO Sam Bankman-Fried’s inner circle. #FTX #Regulations

Overview: FTX claims hack

Cryptocurrency exchange FTX claimed that a hacker stole roughly $473 million worth of crypto assets from its accounts. FTX officials said the incident took place shortly after the company filed for bankruptcy on Friday, prompting the company to move all its funds to offline cold storage wallets. Shortly after this incident, Reuters discovered that another $1 billion (possibly $2 billion) worth of customer assets was also reported missing from the company’s books—in what appears to be a separate incident. Read more:

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