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HomeCryptocurrencyHackers Moved Assets Worth Over $380 Million Away From FTX Exchange

Hackers Moved Assets Worth Over $380 Million Away From FTX Exchange

FTX, the crashing crypto exchange, has been hit with yet another disaster as the hundreds of millions of dollars suspiciously moved away from the exchange have been confirmed as hackers’ perpetration.

FTX general counsel Ryne Miller confirmed this unfortunate incident on the exchange’s official Twitter handle.

“FTX has been hacked. Chat is open. Don’t go to FTX site as it might download Trojans. Note that some funds were retrieved.”

Also on Twitter, Miller said, “Investigating abnormalities with wallet movements related to consolidation of ftx balances across exchanges – unclear facts as other movements not clear. Will share more info as soon as we have it.”

According to ZachXBT, an on-chain analyst, the amount of crypto assets moved by the con artists is approximately $383 million.

Read Also: FTX Japan Becomes First To Offer Perpetual Dogecoin (DOGE) Trading: Details

ZachXBT also says stablecoin issuer Tether has blacklisted portions of USDT related to the address involved in the transfers, which Etherscan has now labeled as “FTX Accounts Drainer.”

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The embattled exchange has also informed its users to stop interacting with all of its apps because they have been infected with malware.

“FTX apps are malware. Delete them. Chat is open. Don’t go on FTX site as it might download Trojans.”


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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