November 30, 2022

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Cryptocurrency exchange may be hacked |  Finansavisen

Cryptocurrency exchange may be hacked | Finansavisen

More than $600 million in crypto has been transferred from the digital wallets of bankrupt crypto firm FTX that were posted on Friday, but with no explanation for why.

FTX employees came out Friday night and instructed customers to delete FTX apps and not visit the site, Coindesk wrote online Saturday.

“FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Do not visit the FTX website as it may download Trojans,” the FTX support account administrator wrote in the company’s Telegram chat channel.

Senior advisor at FTX Ryne Miller tweeted on Saturday morning (Norwegian time) that he was investigating abnormal activities with digital wallets related to consolidating FTX balances across exchanges.

Apply for bankruptcy protection

The potential breach, which has not been officially confirmed by FTX management, occurred on the same day that the crypto exchange officially entered bankruptcy protection after losing half a billion dollars.

Earlier in the week, it also became known that founder Sam Bankman-Fried has exited the position of president and from the cryptocurrency exchange. John J. Ray III has been appointed as the new CEO. at FTX Group, while Sam Bankman-Fried will assist and contribute to a smooth transition.

The change in management is intended, among other things, to ensure that all creditors and others with receivables return as much as possible, according to a press release from the company.

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The change comes after Bankman-Fried, according to the Bloomberg Billionaires Index, saw his fortune drop from $16 billion to nearly zero in two days, writing on Twitter that he was shocked to see how it all had evolved.

At most, it should have been good for $26 billion.