The FTX_Official disaster worsens as a hack appears to drain hundreds of millions of dollars from the once-mighty cryptocurrency exchange, hours after its bankruptcy filing. cheyenneligon thesamreynolds skesslr nikhileshde report
had been moving all their digital assets to cold storage because of the Friday bankruptcy."Process was expedited this evening – to mitigate damage upon observing unauthorized transactions," he said.and FTX US wallets. FTX’s API appears to be down, which could account for this. According to on-chain data, various Ethereum tokens as well as Solana and Binance Smart Chain tokens exited FTX’s official wallets and moved to decentralized exchanges like 1inch.
The transfers come on the same day that the firm filed for Chapter 11 bankruptcy protection after apparently losing billions of dollars in user funds. Suspicions – which are purely conjecture at this point – circulated online about whether, rather than an outside attack, someone inside the company might've been responsible.
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