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Sunday, December 4, 2022

FTX says it is investigating “unauthorized transactions” and suspects a hack

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The general counsel of FTX in the United States, ryne millersaid in a tweet that the firm “expedited” the process of moving all digital assets to cold storage “to mitigate damage by observing unauthorized transactions”.

Cold storage refers to the cryptocurrency wallets that are not connected to the Internet to protect against hackers.

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Earlier on Saturday, Miller tweeted that he was “investigating abnormalities with wallet movements related to the consolidation of FTX balances across the exchanges.”

Before Miller’s tweets, FTX officials appeared to confirm rumors of a hack on the firm’s Telegram channel, according to a CoinDesk report that indicated that the exchange instructed clients to remove FTX apps and avoid its website.

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“FTX has been hacked,” an account manager wrote in a message on the FTX Support Telegram channel, according to CoinDesk.

The firm filed for bankruptcy protection in the United States Friday and its founder, Sam Bankman-Fried, resigned as CEO.

The Bankman-Fried fortune, one of the main millionaires that created the explosion of the crypto industry, disappeared in a matter of days. Owner of a wealth that once came to be estimated at US $ 26,000 million in the rankings of the richest people in the world, after the collapse of his FTX exchange and the cryptocurrency he helped create, Now the value of your assets is estimated at one dollar.

Source: Ambito

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