To remind. In the midst of the FTX affair, right after the bankruptcy, several million dollars were hacked en masse. Much ink has been spilled over this attack, which is one of the largest in crypto history. On social media, we were treated to a theory that the attack came from within. The exchange’s new officials had promised to shed light on this matter as soon as possible. 10 days later, new CEO John J. Ray III’s team just released an update. decryption.
FTX alerts receiver exchanges
On Sunday, FTX announced on Twitter that the unauthorized transfers that took place on the night of November 11-12 were routed to other exchanges via crypto wallets. This, without naming them, nor the amounts they received. As a reminder, researcher Zach XBT, who enjoys a good reputation in the crypto community, indicated that the damage exceeds $ 600 million.
“Exchanges should be aware that certain funds transferred from FTX Global and related debtors without authorization on 11/11/22 will be transferred to them through intermediate wallets (…) Exchanges should take all measures to safeguard these funds. They must return them to the team responsible for managing the bankruptcy.”has to write the crypto exchange.
This warning from FTX comes at a critical time. Chainalysis said the money stolen from FTX is being moved between wallets. She has too warned exchanges to be on the alert, in case a hacker tries to cash them out.
The hacker converted a large portion of the stolen cryptos into ether (ETH). He would hold on to at least $300 million. It has thus become one of the biggest whales in crypto. Many analysts fear that he will liquidate it Coins. This, they say, could lead to a crash in the price of the second-largest cryptocurrency by market capitalization.
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Far from dampening my enthusiasm, a failed investment in a cryptocurrency in 2017 only added to my enthusiasm. I therefore decided to study and understand the blockchain and its many applications and to pass on information about this ecosystem with my pen.