Over $400 Million Drained From FTX Account Hours After Declaring Bankruptcy

The problems with FTX don’t seem to stop. After failing to honor customer withdrawals, revealing a multi-billion hole in its balance sheet, and ultimately declaring bankruptcy, the exchange is suffering another major exploit.

Millions of dollars seem to have been drained from FTX addresses.

• Upwards of $400 million in crypto left the exchange wallets late Friday night with little to no explanations as to why that happened.
• The company’s General Counsel, Ryne Miller, took to Twitter to explain that they are investigating.

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.

• He also explained that the company initiated precautionary steps to move all of the cryptocurrency to cold storage.
• It was also reported that the FTX official Telegram group saw admins claim that the exchange was hacked.

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

The story is developing.