Wednesday, November 6, 2024

FTX investigates potential multi-million dollar hack after bankruptcy

Must Read

Cryptocurrency platform FTXIt’s Friday, declared bankruptcyThis Saturday, it announced that it had discovered a series of Unauthorized transactions According to experts, the result of a hack in it may be more than 400 million dollars in crypto assets.

Ryan Miller, legal counsel for FTX in the US, said via Twitter that the company is investigating this “abnormality“As a precaution to mitigate potential damage, I have expedited the transfer of all digital assets to off-network wallets.

According to various media outlets, a person in charge of the platform confirmed on the company’s private channel on Telegram that FTX was hack victim He asked users to avoid using his website and delete related apps.

“Although this has not been confirmed, there are initial indications of it 473 million dollars In crypto assets stolen from FTX last night,” cryptocurrency analytics firm Elliptic said in a note.

FTX, one of the most important cryptocurrency platforms in the world that was evaluated not so long ago 32000 million dollars He filed for bankruptcy protection in the United States on Friday.

The collapse of the company happened yet in recent days Doubts about your suitability After various reports, leading many users to rush to withdraw their funds, FTX was left in financial straits and looking for ransom.

See also  Aluminum prices rose due to concerns about Russian supply

The situation became more complicated on Wednesday, when Binance – The world’s leading currency exchange platform – has announced that it has withdrawn the offer to buy it had announced the day before, when it offered to support its competitor.

After not achieving the capital injection and seeing how Bahamian authoritieswhere FTX is headquartered, has frozen its assets, and the company declared bankruptcy on Friday and the resignation of its founder and CEO, Fried Sam Bankman.

Meanwhile, many details emerged about the platform’s operation and potential irregularities, including the fact that FTX used billions of dollars deposited by its clients to fund risky investments through its company. Alameda Research.

Latest News

Fast, Private No-Verification Casinos in New Zealand: Insights from Pettie Iv

The world of online gambling has come a long way since its inception, and New Zealand has been no...

More Articles Like This