FTX has been hacked, delete the app, don't go to website

[NotATether]

Many people lose money in LUNA and now many people lost money again in FTX (particularly investing into FTT token).

Tokens are toxic, poison even.

But they become lethal when some company props them up to a high valuation. Because then that token's failure will wreak havoc on everyone who deals with the company.

[1715310399]

1715310399

[1715310399]

1715310399

[1715310399]

1715310399

[1715310399]

1715310399

[PX-Z]

Many people lose money in LUNA and now many people lost money again in FTX (particularly investing into FTT token).

Tokens are toxic, poison even.

I'll say tokens are double edge sword, some may experience profit when it still pumping, but most experience its sharpness when it is in the process of dumping most of the time.

[Little Mouse]

I've the FTX tracking app I use to keep my portfolio in check. I hope the alleged malware doesn't affect it, anyway.

If I'm correct, I have seen a thread here on the forum that the FTX tracking app isn't working. I instantly checked as I had the app installed, I was also having the same issue as the author of that thread claimed. Check yours too, it won't work for you too.
Edit- got it, here you go- Blockfolio is Gone

In all honesty, I was sympathetic to SBF when the news first broke that his exchange was having financial crisis but with what's emanating now I'm beginning to think that dude is a criminal. If truly there's a hack, he's more likely the arrowhead. To even think he was reported to have used investors funds for stocks which crashed and led to his exposure, and now this hack. Dude is not clean whichever way we want to look at it.

I used to love FTX to be honest but that SBF dude was somewhat shady to me from the beginning when I first saw his interview with NAS Daily because he wanted to show up himself on that video lol.

[Woodie]

What exactly happened to Ftx exchange? Was it hacked before knowing it went backrupt or went bankrupt and got hacked of whatever little coins that had reminded in their wallets?? And from this message coming from support are they saying hackers got access to the main exchange wallet using its clients mobile wallets, if this is their story of defense it can't hold!

[franky1]

What exactly happened to Ftx exchange? Was it hacked before knowing it went backrupt or went bankrupt and got hacked of whatever little coins that had reminded in their wallets?? And from this message coming from support are they saying hackers got access to the main exchange wallet using its clients mobile wallets, if this is their story of defense it can't hold!

the feeling and opinion. is that SBF is saying that it got hacked to mitigate/delay/avoid liability of the losses the company has by pretending an outsider took the funds.. (essentially.. the funds were fine under his management but suddenly disappeared when he was not ceo(too convenient to be true though))

however its sounding more like SBF and other founders mis-apropriated funds over the years themselves...

the "story" is that hackers have access to the front end services of the user login pages and apps. so if users go to website or update app software the app/website supposedly meant to allow hackers access to users funds to steal it..

i call it a story because it sounds more like an excuse of "please dont log in" meaning "dont come to us trying to withdraw your funds
as a means of detering users from doing a bank run on the exchange to try to get their funds out

[Franctoshi]

This is becoming a bit worrisome doing business with all this centralized exchanges , Basically for all the day traders trading in these platforms not just only for people that store crypto in this exchanges. honestly non of these exchanges are to be trusted anymore even Binance to be precise, no one knows the one that the exchange is cooking up in the future.

In my general view of this recent events, seem to me that this is actually like a game plan (calcuted action) in order to cause mass panic and in order for investors to start yelling for the regulation of cryptos.

[salad daging]

This is becoming a bit worrisome doing business with all this centralized exchanges , Basically for all the day traders trading in these platforms not just only for people that store crypto in this exchanges. honestly non of these exchanges are to be trusted anymore even Binance to be precise, no one knows the one that the exchange is cooking up in the future.

In my general view of this recent events, seem to me that this is actually like a game plan (calcuted action) in order to cause mass panic and in order for investors to start yelling for the regulation of cryptos.

It can be said that the FTX exchange has taken the hearts of many customers to do their daily trading here as well as many who have kept money for a long time, we know they have offered many promotions before this incident even those who hold FTT tokens get special here of course many are tempted and make long-term holdings because of the offer, the fact is that we will no longer trust centralized exchanges even though Binance and other exchanges are still safe it can no longer be trusted to store money there.

Well, someone already thought that it seems that this scenario was calculated long before the time, this is according to some on twitter media that I know, so their plan was ripe and in the end it became a whole mass panic until bitcoin came along fall because a lot of money is wasted in this market certainly affects on a large scale.

[BlackHatCoiner]

I'll say tokens are double edge sword, some may experience profit when it still pumping, but most experience its sharpness when it is in the process of dumping most of the time.

Because they're toxic, if not poison, as said. Complete lack of utility of a token (besides being fundamentally speculative) means it's in the boundaries of fraud.

What exactly happened to Ftx exchange? Was it hacked before knowing it went backrupt or went bankrupt and got hacked of whatever little coins that had reminded in their wallets??

According to them, they went bankrupt, and then got hacked. Whatever the sense that makes.

[o_e_l_e_o]

I don't know how FTX works (and I suppose it depends on the specifics of your bank/jurisdiction), but it is possible that FTX has permission to pull funds from users' linked bank accounts or cards to execute buy orders. Users need to make sure they revoke all access, if they haven't already when they went bankrupt.

Seems I was right, and FTX has started accessing users' bank accounts illegitimately: http://nitter.it/mikemcg0/status/1591477400634023938
All FTX users need to revoke access ASAP.

I've the FTX tracking app I use to keep my portfolio in check. I hope the alleged malware doesn't affect it, anyway.

I wouldn't risk it. Uninstall the app and scan your phone for malware. In all likelihood it's not going to be functional going forward anyway.

the fact is that we will no longer trust centralized exchanges

Good. You were never supposed to trust them in the first place.

[South Park]

This is becoming a bit worrisome doing business with all this centralized exchanges , Basically for all the day traders trading in these platforms not just only for people that store crypto in this exchanges. honestly non of these exchanges are to be trusted anymore even Binance to be precise, no one knows the one that the exchange is cooking up in the future.

In my general view of this recent events, seem to me that this is actually like a game plan (calcuted action) in order to cause mass panic and in order for investors to start yelling for the regulation of cryptos.

And you know what? It is likely they are going to succeed and even more regulation will come to the exchanges, however what can be done about it when they are obviously mismanaging or outright stealing the funds of their customers? It is because of this the community has always warned against centralized services, but people simply do not learn their lesson and they keep making the same mistake over and over again, and unfortunately even with the collapse of FTX many people will still keep their coins at centralized exchanges.

[tadamichi]

This is yet another social media nonsense, which is why I only rely on what I read from reliable news outlets.

How about verifying information yourself, instead of relying on yet another middleman that wont serve you truth when it’s uncomfortable.

I'll say tokens are double edge sword, some may experience profit when it still pumping, but most experience its sharpness when it is in the process of dumping most of the time.

Because they're toxic, if not poison, as said. Complete lack of utility of a token (besides being fundamentally speculative) means it's in the boundaries of fraud.

They also dont make much sense economically in the first place. In theory given enough time in a free market, the currency with the best monetary properties should come out as winner - theres no logical place for hypertokenization, as theres no need for people to keep value in worse currencies (except to speculate). In practice the market is never completely free because of regulation, so governments can force shitty currencies into circulation (still no place for other shitcoins). When things go bad, its incentivising people to gamble away their money on whatever promises big return as purchasing power deteriorates. Sadly many newbies dont understand markets well and fall for these fallacies again and again, not realising theyre just temporary + promoted ponzies.

[serjent05]

What exactly happened to Ftx exchange? Was it hacked before knowing it went backrupt or went bankrupt and got hacked of whatever little coins that had reminded in their wallets?? And from this message coming from support are they saying hackers got access to the main exchange wallet using its clients mobile wallets, if this is their story of defense it can't hold!

It declared bankruptcy and then got hacked the next day.  Funny isn't it?  Most of us here shout an inside job but well, who knows...  The hacking incident cannot be used as a defense of why the exchange goes bankrupt.  It may be considered as one of the reasons to delay payments of clients but well, I still think the hacking incident is suspicious. 

This is becoming a bit worrisome doing business with all this centralized exchanges , Basically for all the day traders trading in these platforms not just only for people that store crypto in this exchanges. honestly non of these exchanges are to be trusted anymore even Binance to be precise, no one knows the one that the exchange is cooking up in the future.

I think the bankruptcy and closure of FTX won't pose a problem if we:

1.  Don't keep our coins in their exchange.
2.  Did not buy or invest in their FTT token.

So using exchanges as it was intended won't become worrisome because we only send the crypto we are to exchange and withdraw the funds when we are done.  It becomes worrisome if we use it beyond its purpose.

[glendall]

Just a heads up: a lot of people might probably say that this is unlikely a "hack" and that some FTX personnel(regardless if it's SBF or not) is just running away with the funds(and I agree that this is highly more likely), but regardless — don't open the FTX website and uninstall all FTX apps. JUST TO BE EXTRA SURE.

This shouldn't be a hack in my opinion because it's too close to their case, whether this is intentional or not but the impression is that FTX wants to wash their hands from their case

deleting the application and not opening the web is currently the best choice because to avoid, forget for a moment the assets that cannot be withdrawn from FTX for a while

[blockman]

What exactly happened to Ftx exchange? Was it hacked before knowing it went backrupt or went bankrupt and got hacked of whatever little coins that had reminded in their wallets?? And from this message coming from support are they saying hackers got access to the main exchange wallet using its clients mobile wallets, if this is their story of defense it can't hold!

Nope, being exposed that executives/CEO of it have misused its funds was the first thing that has happened. And this hack just added pressure and more damage to what has been made.
Speculations are telling that they've just done an inside job so that they can still get sympathy from the community. But the thing is, they can no longer do anything with it. They've filed bankruptcy and that will never change and those that still have funds in there, it's unlikely they can get the whole thing. Lucky if they get a portion of it.

[GreatArkansas]

(....)

This shouldn't be a hack in my opinion because it's too close to their case, whether this is intentional or not but the impression is that FTX wants to wash their hands from their case

deleting the application and not opening the web is currently the best choice because to avoid, forget for a moment the assets that cannot be withdrawn from FTX for a while

Exactly. For me, the official FTX Exchange still didn't release any statement that they have been hacked or funds are already gone.
I already can't open my FTX Exchange app, it just loads forever.
There are things that happen right now as Sam Bankman-Fried is rumored to have been arrested by some local authorities. I tend to wait for official announcements from other legit sources.

[EarnOnVictor]

This is yet another social media nonsense, which is why I only rely on what I read from reliable news outlets.

How about verifying information yourself, instead of relying on yet another middleman that wont serve you truth when it’s uncomfortable.

Can you verify everything yourself? Definitely no, you might need third-party news to ascertain some things in certain situations, which was the reason for my reliable news outlets note. Also, make sure you know the full context of the subject you are replying to before doing so. Even the most hacked exchange still works properly when money is being stolen from it. Besides, did you not read the warnings from the OP that one should not open it for now to avoid trojan?

[worle1bm]

A very likely possibility they are trying to cover their footsteps with this hack kind of thing that they spread the word hack and get funds themselves with all this whole distrubance in the market about FTX.But for your safety don't install the app as along with losing funds you might be prone to data breach as well so be on safer side to uninstall and don't get involved with FTX at all.

[Wind_FURY]

It's currently harder to trust which exchanges are safe for us plebs.

Here's a simple way to find out: Is the exchange centralized/custodial? If yes, then it isn't safe.

You're right, but we can't challenge the fact that we plebs who trade with small account sizes, and them whales who trade with large account sizes need centralized exchanges, AND trust is obviously VERY important. What kind of sector would cryptocurrencies be in the financial world if none of these exchanges are trustworthy? It will be bad for growth, and it will also be very bad for adoption.

Plus tin-foil hats on. Is FTX itself spreading FUD/misinformation to make all of their ex-users delete the app = delete evidence?

[Sang Veronike]

Countless people have lost a lot of money because of it, but I'd say it's going to happen, it's unavoidable. The next one may be WON or QNP. We can only be careful. Watch for their changes. Some may gain, but most lose.

[tadamichi]

Can you verify everything yourself? Definitely no, you might need third-party news to ascertain some things in certain situations, which was the reason for my reliable news outlets note.

They’re not reliable anymore, that’s the point. You can only cross-check many different sources to make a good guess, with uncertainty remaining.

Also, make sure you know the full context of the subject you are replying to before doing so.

I did.

Even the most hacked exchange still works properly when money is being stolen from it.

Not in this context. The exchange was already exposed for scamming, getting bankrupt and then being drained either trough hackers/ or the people in charge. Then also illegitimately accessing users' bank accounts. This isn’t proper working of an exchange, there’s no point in trying to use it again. This isn’t the same situation as a bridge being hacked for example, it’s a completely different case that affects the whole exchange.

Besides, did you not read the warnings from the OP that one should not open it for now to avoid trojan?

What the OP was referring to was originally from an FTX admin in their official telegram group, not some social media heresy. OP did everything right to spread this news fast, even if we can’t exactly know what’s really the case yet. But time matters in this context.