FTX Hack Sees Abnormal Outflows of $600 Million, Many Holders Report $0 Balance

FTX Telegram admins have confirmed that the exchange was hacked late Friday night. The Telegram admins urged users to not visit the FTX website as it “might download Trojans” which could affect their portfolio. Moreover, the hack saw mysterious outflows of nearly $600 million only hours after it filed for Chapter 11 bankruptcy.
In addition, many users have reported $0 in balance in their FTX.com and FTX US wallets.
“FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don’t go o

shubhk's Recent Blog Posts

Ethereum moved from proof-of-work (PoW) to proof-of-stake (PoS) consensus last month and the transition is dubbed the Merge. The PoW algorithm previously rewarded miners for validating blocks of…
1 year ago
Nikolai Mushegian, a respected contributor to the crypto ecosystem, was found dead a couple of days back on the beach behind Ashford Hospital in Condado, Puerto Rico after being swept away by sea…
1 year ago
Since Cryptocurrencies got in the spotlight, ever since then Asset-backed currencies VS Fiat currencies have been a great topic of debate between certain economists and crypto believers. While asset-…
1 year ago
Since Cryptocurrencies got in the spotlight, ever since then Asset-backed currencies VS Fiat currencies have been a great topic of debate between certain economists and crypto believers. While asset-…
1 year ago
In a series of text messages made public during the Twitter lawsuit, it was disclosed that a representative of the crypto billionaire, Will MacAskill, had texted Musk stating that SBF is “interested…
1 year ago