If you think the FTX story was over with a bankruptcy filing, hear this – FTX is hacked for hundreds to thousands of worth of cryptocurrencies now!
In its official Telegram channel, the company officials pinned a message notifying them of the hack notice and asked users to delete their FTX apps immediately. They cite the apps containing malware that’s siphoning the funds off user wallets. As of now, it is estimated that over $600 million worth of cryptocurrencies has been stolen.
Siphoning FTX User Funds
FTX – once used to be the world’s third-largest cryptocurrency platform by trading volume – has now turned into a dark spot in the crypto community. FTX lost billions of dollars through its native token in a span of days , which plunged the platform so deeply that it had to rely on its competitor Binance for help.
While Binance initially talked of acquiring, it soon dropped the idea after seeing FTX’s internal health in the process. This led the founder-cum-CEO Sam Bankman-Fried to file for Chapter 11 bankruptcy in the US for several of their assets.
Following the Chapter 11 bankruptcy filings – FTX US and FTX [dot] com initiated precautionary steps to move all digital assets to cold storage. Process was expedited this evening – to mitigate damage upon observing unauthorized transactions. — Ryne Miller (@_Ryne_Miller) November 12, 2022
