Cryptocurrency Platform FTX Investigates Potential Multi-Million Dollar Hack After Bankruptcy

The cryptocurrency platform FTX, which filed for bankruptcy this Friday, announced today that it has detected a series of unauthorized transactions and that, according to experts, may be the result of a hack in which more than 400 million dollars in crypto assets would have disappeared. .

Ryne Miller, legal counsel for FTX in the US, said via Twitter that the firm is investigating these “abnormalities” and that, as a precaution to mitigate possible damage, it has accelerated the movement of all digital assets to offline wallets. to network.

Notice to users

According to various media, a person in charge of the platform assured on the firm’s private channel on Telegram that FTX had been the victim of a hack and asked users to avoid using its website and delete related applications.

“Although unconfirmed, there are initial indications that $473 million worth of crypto assets were stolen from FTX last night,” cryptocurrency analytics firm Elliptic said in a note.


read also

Francesc Peiron

FTX, one of the most important cryptocurrency platforms in the world and that not long ago was valued at 32,000 million dollars, filed for bankruptcy protection in the United States this Friday.

The collapse of the firm came after doubts about its solvency were triggered in recent days following various reports, which led many users to rush to withdraw their money, leaving FTX without liquidity and in search of a bailing out.

(FILES) In this file photo taken on February 09, 2022, Samuel Bankman-Fried, founder and CEO of FTX, testifies during a Senate Committee on Agriculture, Nutrition and Forestry hearing about

Samuel Bankman Founder and CEO of FTX

SAUL LOEB / AFP

The situation was further complicated on Wednesday, when Binance – the world’s leading currency exchange platform – announced that it was withdrawing the purchase offer it had announced a day earlier, when it had offered to come to the support of its rival.

After failing to obtain an injection of capital and seeing how the authorities of the Bahamas, where FTX is based, froze its assets, the company announced bankruptcy on Friday and the resignation of its founder and CEO, Sam Bankman-Fried.

In the meantime, numerous details about the operation of the platform and possible irregularities have been coming to light, including the fact that FTX allegedly used billions of dollars deposited by its clients to finance risky investments through its firm Alameda Research. .