About $380 million flowed out of the FTX exchange due to a exploit or likely insider hack Exchange counsel said company is investigating proceedings FTX customers’ hope of getting their funds out might have finally hit a brick wall as emerging development showed that the exchange faced an exploit of $380 million. Without any clarification, FTX US […]
by Autism Capital, a blockchain investigative firm, the hackers took a dig at embattled founder Sam Bankman-Fried with their naming.After the pillar-to-post discussion about what was happening, purportedly actual events finally came to light. This was because the FTX telegram administration
hacker had compromised the platform. In the statement circulated around Twitter, the admin advised users not to visit the official website or click any links.While the admin noted that the exchange had recovered some funds, there was no proof. In fact, the situation was not any better at press time. This was due to disclosure from some users that their funds now showed balances of $0.that about $1 billion of customer funds were missing.
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