Admins of the Telegram group in the FTX community said the platform was hacked and the exchange seems to have lost all its funds. FTX US General Counsel Ryne Miller, who reportedly pinned the message within the group, said it was investigating “anomalies” regarding FTX balances on other exchanges.
FTX Officials Reported to be Victims of Telegram Hack
The administrators of the now-closed Telegram group in the FTX community have announced that the exchange will be hacked in November. announced it was the victim of a hacking attempt 12. A message pinned by FTX US General Counsel Ryne Miller advised customers that a hack was in progress and advised customers not to use the FTX app, telling them they
An administrator identified as Rey wrote to:
FTX Hacked. The FTX app is malware. remove them. Chat is open. Do not visit FTX sites as they may download Trojan horses.
Some users on social media have reporteddepleted funds from exchange wallets, I’m looking at the swap of Nansen’s Martin Lee observed “massive withdrawals to the same wallet.” This is something the exchange never knew before.
General Counsel is aware of anomalies with on-chain funds blocked by Tether
FTX’s normal communication channel is While keeping quiet on the matter, Ryne Miller, FTX US General Counsel, reported that he was looking at these deals earlier in the evening. Miller tweeted:
investigating wallet movement anomalies related to consolidation of his ftx balances across exchanges – other movements is not clear, the facts are unknown. I will share the details as soon as I know them.
Funds withdrawn in the form of USDT on different chains were blocked byTether, according to. Over 30 million USDT were involved in this move.
Miller also reported that after investigating these “unauthorized transactions,” he moved remaining funds into cold wallets to preserve remaining capital. He said:
After filing for Chapter 11 bankruptcy, FTX US and FTX [dot] com decided to put all their digital assets in the cold. Started taking precautions to move to storage. The process was expedited this evening to mitigate the damage of observing fraudulent transactions.
According to a Reuters report, former FTX CEO Sam Bankman-Fried allegedly had a backdoor in FTX’s systems. “In subsequent investigations, FTX’s legal and finance teams also found that Bankman-Fried had implemented what they called a ‘backdoor’ into FTX’s bookkeeping system, which was built using custom-built software. I know,” Reuters reported.
The news agency also said in text that he spoke to Bankman-Fried, and Reuters said he denied the existence of the backdoor. The exchange filed for Chapter 11 bankruptcy protection on Nov. 11. As of this writing, the story is still evolving as funds continue to move.
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