Tag: FTX

FTX Reportedly Hacked as Telegram Group Admin Comments on Possible ‘Malware’ Present in Apps, Irregular Fund Movements Registered Onchain – Bitcoin News

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Admins of the Telegram group of the FTX community stated that the platform had been hacked and all of the funds of the exchange seemed to be gone. FTX U.S. General Counsel Ryne Miller, who reportedly pinned the message in the group, explained he was investigating “abnormalities” regarding FTX balances across other exchanges. FTX Officials Report Being Victim Of Hack On Telegram An admin of the now-closed Telegram group of the FTX community announced that the exchange was the victim of a hack attempt on Nov. 12. The message, which…

FTX Says It Moved Remaining Funds to Cold Wallets to ‘Mitigate Damage’ After ‘Unauthorized Transactions’

CryptoX – Cryptocurrency Analysis and News Portal “Following the Chapter 11 bankruptcy filings – FTX US and FTX [dot] com initiated precautionary steps to move all digital assets to cold storage,” Miller said. “Process was expedited this evening – to mitigate damage upon observing unauthorized transactions.” Original Source The post FTX Says It Moved Remaining Funds to Cold Wallets to ‘Mitigate Damage’ After ‘Unauthorized Transactions’ appeared first on CryptoX. CryptoX Portal

FTX Says It’s Been Hacked As $383,000,000 in Crypto Appears To Exit Crumbling Exchange

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The crumbling crypto exchange FTX says it’s been hacked. As a flood of users began reporting sudden $0 balances and on-chain analysts began tracking millions of dollars appearing to exit the exchange, FTX general counsel Ryne Miller released a statement on the company’s Telegram channel. “FTX has been hacked. Chat is open. Don’t go to FTX site as it might download Trojans. Note that some funds were retrieved.” Miller also released a statement on Twitter. “Investigating abnormalities with wallet movements related to consolidation of ftx balances across exchanges – unclear…

Bitfinex CTO releases proof of reserves amid FTX bankruptcy fiasco

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The fall of major crypto ecosystems — such as FTX and Terra (LUNA) — this year highlighted the importance of transparency around the true reserves held by crypto exchanges and businesses. Amid the ongoing fear, uncertainty and doubt (FUD) across the crypto space, crypto exchange Bitfinex revealed its proof of reserves to the general public. Over the past few days, major crypto exchanges, including Binance, OKX, Kucoin and Crypto.com, committed to sharing their proof of reserve to regain investor confidence. Walking the talk, Bitfinex CTO Paolo Ardoino shared the list…

Japanese Regulator Slaps FTX Japan With Business Suspension Order – Regulation Bitcoin News

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Japan’s top financial regulator, the Financial Services Agency (FSA), has issued a business suspension order to FTX Japan, the Japanese subsidiary of FTX.com. The financial watchdog has also ordered the crypto exchange to submit a business improvement plan by Nov. 16. Japanese Regulator Takes Action Against FTX Japan Japan’s Financial Services Agency (FSA) announced Thursday that the Kanto Local Finance Bureau has taken action against FTX Japan, the Japanese subsidiary of Sam Bankman-Fried’s embattled crypto exchange FTX.com. Three orders have been issued against the crypto exchange: a business suspension order,…