Millions of dollars worth of crypto assets were moved out of FTX wallets in 'suspicious circumstances', says blockchain analytics firm Elliptic.
said on Saturday it had seen"unauthorised transactions", with analysts saying millions of dollars worth of assets had been withdrawn from the platform.
FTX US general counsel Ryne Miller said in a tweet shortly after 0700 GMT on Saturday that the firm had"expedited" the process of moving all digital assets to cold storage"to mitigate damage upon observing unauthorised transactions". Earlier on Saturday, Miller said in a tweet that he was"investigating abnormalities with wallet movements related to consolidation of FTX balances across exchanges".Prior to Miller's tweets, FTX officials appeared to confirm rumours of a hack on the firm's Telegram channel, according to a CoinDesk report which said that the exchange had instructed customers to delete FTX apps and avoid its website.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto markets slump as FTX seeks to raise new fundsHONG KONG/SINGAPORE :Cryptocurrency markets nursed heavy losses on Thursday, with bitcoin hovering near a two-year low as investors fretted about the fallout from the implosion of crypto exchange FTX, which was seeking new funds to plug a gaping hole in its finances. Larger rival Binance walked away from a ba
Read more »
FTX says it is investigating 'unauthorized transactions'Collapsed crypto exchange FTX said on Saturday it was moving funds into offline storage following a series of 'unauthorized transactions', with analysts saying millions of dollars worth of assets had been withdrawn from the platform.FTX U.S. general counsel Ryne Miller said in a tweet on Saturday that the
Read more »
‘It’s all gone’: FTX bankruptcy has retail traders bracing for lossesFor a little while, it appeared some of FTX’s American customers might escape the worst-case scenario confronting the beleaguered crypto platform. FTX US, a separate entity from Sam Bankman-Fried’s FTX.com, tweeted on Thursday (Nov 10) that it was still operational and withdrawals were being processed
Read more »
Rise and fall of crypto exchange FTX: A timelineHere is a history of FTX since its foundation in 2019. Read more at straitstimes.com.
Read more »
FTX founder Sam Bankman-Fried's sudden turn from white knight to washoutFTX's meltdown sent bitcoin plunging to a two-year low this week amid concern that the company's woes will spread to other crypto firms.
Read more »
Hedge fund Galois Capital says half its capital stuck on FTX exchange -FTGalois Capital is the latest hedge fund caught off guard after close to half its assets were trapped on collapsed crypto exchange FTX, the Financial Times said on Saturday, estimating the amount to be around $100 million.Galois co-founder Kevin Zhou wrote to investors in recent days that while the fund ha
Read more »