FTX: the debacle continues, after the bankruptcy, the exchange is the victim of a hack


A few hours after FTX went bankrupt, questionable financial transactions were made on the company’s accounts. The amount of sums stolen amounts to 600 million dollars.

A hand holds a Bitcoin / Credit: Unsplash

Cryptocurrency market players are having a dark year. The cryptocurrency market is crashing again. The second virtual currency exchange, FTX, is officially bankrupt. In question, its mismanagement of its clients’ funds and suspicions of conflicts of interest first of all, but also because Binance, the largest exchange platform by volume, canceled the merger-acquisition which would have allowed to save the furniture. This reversal of fortune was obviously accompanied by a collapse of cryptocurrencies as a whole.

To read – Bitcoin: what is it, how to invest and make money

The funds remaining in the coffers of FTX should normally be used to reimburse what can be paid to debtors and shareholders of the company. However, rumors of dubious financial transactions further tarnish the image of the exchange and its managers. More 447 million dollars of virtual currencies would have been diverted FTX accounts to unknown destinations. The latter announced on Telegram that they had been victims of a large-scale hack.

FTX’s last available funds were siphoned off by hackers

John Ray, the temporary administrator of the company named the time to liquidate FTX assured that the company will do everything to secure all the assets. The content of the message sent to the company’s former customers clearly little hope of one day recovering the sums lost : “FTX has been hacked. FTX apps are malware, erase them. The chat is open. Do not go to the FTX site, it might download Trojans”.

To read – Ethereum: a company sends 390 million euros to the wrong person and is close to disaster

FTX has therefore closed shop, and its customers are left with empty crypto wallets. Ultimately, they are indeed the big losers in this affair. It is not forbidden to think that these transactions are the work of the company’s employees, or even of its former boss, Sam Bankman-Fried, who was recently considered a financial genius. The hackers acted so quickly and efficiently that, according to many experts, they must have benefited from relays within the company. An investigation by the competent US authorities and FTX has been launched.

To read – Bitcoin: American justice seizes the equivalent of 3 billion dollars from a dark web criminal



Source link -101