600 Million Man, No Crypto (Where did it Go)?
600 Million was withdrawn from FTX and FTX.US with no communication despite the company freezing withdrawals.
If you thought it was over after yesterday's bankruptcy for FTX, think again.
FTX just got hacked for almost $400M.
All funds are drained. All balances are zero.
Insane.
473 million stolen as a result of hack or theft before FTX could move funds to cold storage. So first we had CEO saying your funds are SAFE followed by I F$% up and withdrawals paused. Now we have this.
Hundreds of millions of dollars are now flowing out of FTX wallets, some speculate liquidators but it's late on a friday night, not typical times for such rapid heavy movements. Some withdrawals are being swapped from Tether to DAI. Hack or insider actions? $26 million here
This is is a Netflix documentary unfolding like Quadriga.
Trust No One, a documentary about the Quadriga scam, is a very interesting watch.
It’s a 45 minutes documentary so you can watch it with the 2gb at 20bob valid for an hour on *544*21#
#MwelekeoNiInternet
FTX moved funds into cold storage upon seeing unauthorized transactions. Can I say not your Keys, not your crypto? Trusting any CEX with your money will never be the same.
Following the Chapter 11 bankruptcy filings - FTX US and FTX [dot] com initiated precautionary steps to move all digital assets to cold storage. Process was expedited this evening - to mitigate damage upon observing unauthorized transactions.
Why no communication ?
Nobody wants to wake up and see their balance at zero.
Do you think it is an insider job?