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

[Taskford]

Many people believe that this is inside job and can't blame them to think this way since this is common thing happen after a platform have an issue. So better listen first on what they are saying since not opening their site will make us safe since we don't know if hacker or them might do something nasty which can affect us badly.

This remind that no exchange is safe how big or trusted they are.

[sunsilk]

I think it's verified that they've been really hacked and a lot from their funds were stolen by the hackers. The most recent that I've heard is that they're finally able to at least get back from that hacked funds.

I don't know how but that's usually how it goes when there's a hacked exchange, they're trying to mitigate the losses and try to recover the hacked funds as soon as possible.

Just like what everyone is reminding, even if you're curious with the hack and if the community says so that don't visit even the website. Just don't.

[BlackHatCoiner]

FTX has been "hacked", yeah. Just as MtGox, KuCoin, Coinbene, Bitfinex etc.  

From Coindesk:

On Twitter, members of the cryptocurrency community quickly began to speculate that the outflows could have been coordinated by a member of Bankman-Fried’s inner circle, pointing out that the simultaneous and sophisticated hacks of FTX and FTX US are indicative of a potential inside job.

That's what happened, and that's what it reasonable to believe it happened. They filed bankruptcy for losing billions of users' assets, and a soon afterwards they announced they'd been hacked, both FTX and FTX.us? And it's still unclear to them of what happened? I don't buy it.

[...]

It's time for: "Recent events should make you withdraw all your coins to your own wallet: Part 4".  

[o_e_l_e_o]

You think this hack is bad, wait till Twitter gets hit since so many of their IT / Security people have been fired and quit.

Amazing if Twitter manages to turn in to even more of a mess than it has been the last few days under Musk's phenomenal leadership. And to think people in this space listen to him for investment advice. Lol.

But eliminating all other things I have been saying for years unless you have a controlled multiple verification setup for updating anything like this you are just asking for trouble.

Automatic updates are awful for the exact reason you have pointed out. But the fact remains that >99.99% of people do not have both the ability and the time to independently review the code for every update for every piece of software they use. So what do you do instead? Only verify the important ones? Wait a week after each update and ensure no vulnerabilities have been disclosed? What about if you miss some critical security patch or update in that time? There is no universally correct answer here.

The best thing most people could do would be to get their coins in to their own hardware or airgapped wallet. Doing that will protect you against almost all such malicious software or updates.

It's time for: "Recent events should make you withdraw all your coins to your own wallet: Part 4".  

Haha. I had drafted the beginnings of a post when FTX starting looking sketchy. Then I had to edit it when they started looking for bail outs. Then I had to edit it again when the bail outs failed. Then after BlockFi also started looking sketchy and now this insider job scam as well I've given up editing it for now. It's just so hard to keep up with the plethora of shadiness, illegality, and outright scams in the world of centralized exchanges!

[Rikafip]

This is almost certainly an inside job, the way I see it. And with that, any shred of hope that FTX users had of recovering even a portion of their assets is gone.

100% inside job as a pro hacker that could be able to do something like that wouldn't send some of the hacked money to his Kraken account, which he allegedly did. Kraken chief security officer (that Nick Percoco guy) confirmed that they know who is behind that account.


https://twitter.com/c7five/status/1591433304871690242

[DaveF]

....Then after BlockFi also started looking sketchy and now this insider job scam as well I've given up editing it for now....

What I find mildly interesting is that the BlockFi credit card (not debit card a real credit card) that was as far as I can tell issued by an independent bank stopped allowing users to buy things with about a 1 hour warning yesterday.

I have seen other, non crypto businesses implode in a spectacular fashion over the years but their rewards cards kept working. This gone.

Makes you wonder why, even when BANKS have failed their credit cards they issued kept working since well that part of the business always has a good value to sell off.
Was it really that bad that someone at Evolve Bank & Trust said "hell no, we're out of here"

Since BlockFi was based out of New Jersey figure somebody is going to get whacked.....Sorry Sopranos humor.

-Dave

[Invincible one]

Is it the the main FTX or FTX USA as well, which have been hacked?

[jinmioluwaseyi]

It is a big possibility that the hacking was done by an insider, it can never be done by someone that doesn’t have an insight of the company. And it can also be done by someone that have worked in the company before. Everyone  should stay safe.

[philipma1957]

Is it the the main FTX or FTX USA as well, which have been hacked?

Both or so the thread reads.


So at this point my funds are more than 90% off exchanges.

Need some on the exchanges for business.

[Oneandpure]

Hacked is the most effective reason when got problem with exchange market, actually this common reason not adapted by exchange market only but also many altcoin project when get dump price drastically announced later with their project have been hacked. I think just try run away with hacked reason happen to FTX exchange market, although have confirmed with many tweet updated with FTX hacked.

Seems less opportunity to get fund back in FTX account after several day withdrawing still can't process yet, I think have been the end of FTX exchange era and disappointed with many user have much fund hold on FTX. Have official announcement from the owner resigned but he not confirmed yet about when withdrawing open yet with many user can't withdraw their assets.

[cheezcarls]

According to some people in social media, FTX has been hacked and users who have the app installed in their phones might be at risk for malware if they update this. It will be safer to delete it. It is also adviced to avoid going to the site because there might be trojans.

This is a public service announcement and I created this thread here in main bitcoin subforum on purpose where it will be seen by more people. Moderators can delete or move this thread later.

I don't have FTX app installed in all of my devices neither having an account and having funds there. But I see some of my Facebook friends, even the famous Filipino Axie influencer Kookoo himself have lost a lot of money in FTX and I know how it feels.

This is why I would never ever going to store funds in exchanges, not even the juggernaut named Binance. This is such unfortunate that is happening to those who have invested and having their funds on FTX that affected the entire crypto market.

[lionheart78]

Hacked is the most effective reason when got problem with exchange market, actually this common reason not adapted by exchange market only but also many altcoin project when get dump price drastically announced later with their project have been hacked. 

The thing is, FTX fiasco already happened, and then this hacking news thing happen.  It is very suspicious, I also believe it is an attempt of the FTX owner to have a reason not to reimburse their user's funds.  Or to cover up the management's misappropriation of the fund.

I think just try run away with hacked reason happen to FTX exchange market, although have confirmed with many tweet updated with FTX hacked.

It is possible that it is one way of running away with the remaining money of the exchange.

Seems less opportunity to get fund back in FTX account after several day withdrawing still can't process yet, I think have been the end of FTX exchange era and disappointed with many user have much fund hold on FTX. Have official announcement from the owner resigned but he not confirmed yet about when withdrawing open yet with many user can't withdraw their assets.

True it looks like FTX won't go down without causing their client more troubles.

It is a big possibility that the hacking was done by an insider, it can never be done by someone that doesn’t have an insight of the company. And it can also be done by someone that have worked in the company before. Everyone  should stay safe.

And it is more possible that the head of management is the person behind the hacking.

[DaNNy001]

Hackers are always at the fore front when some dude operation a major financial firm tries to run away with public funds. But anyways who can say,  that just the disadvantage of a centralized system control by someone..

Just imagine a case scenario where they couldn't be able to meet the withdrawal of their customers then came up with a story like this to escape the chaos their have gotten themselves into

[BitDane]

After a sad day of bankruptcy announcement, another sad news of hacking happens.  It looks like someone is covering some trail.  I have a suspicion that this hacking is an inside job.  How could someone get a hold of the exchange internal system if that person is not an insider.  I hate it when people think that they are the only smart one in the world.  The current hack is really suspicious.

Just imagine a case scenario where they couldn't be able to meet the withdrawal of their customers then came up with a story like this to escape the chaos their have gotten themselves into

That could be the reason why the hack is instigated if the hack is an inside job.

[indah rezqi]

100% inside job as a pro hacker that could be able to do something like that wouldn't send some of the hacked money to his Kraken account, which he allegedly did. Kraken chief security officer (that Nick Percoco guy) confirmed that they know who is behind that account.


https://twitter.com/c7five/status/1591433304871690242

Unfortunately it happened and actually they couldn't escape. I'm pretty sure it's an inside job even if no one backs up these allegations with evidence, but really it's really a job that makes people more and more frustrated as a result of FTX.

After some people lost money due to FTT dump, now it's the turn of all FTX users to lose their funds. It's heartbreaking.

[teosanru]

This is really crazy, first my funds which were shown on the app obviously become non-existent and now you can't even access the application to see those funds because probably it has been hacked, which is very obvious as most of the tech team and cyber security team might also have resigned. I have read tweets that people are even suspecting that SBF has himself taken the funds and has fled to some safe haven to make sure he can't be caught. I am just thinking of the users here, it was such a big exchange a lot of people must have had their accounts on it, some people might even be having their life savings on it.

[AmoreJaz]

This is really crazy, first my funds which were shown on the app obviously become non-existent and now you can't even access the application to see those funds because probably it has been hacked, which is very obvious as most of the tech team and cyber security team might also have resigned. I have read tweets that people are even suspecting that SBF has himself taken the funds and has fled to some safe haven to make sure he can't be caught. I am just thinking of the users here, it was such a big exchange a lot of people must have had their accounts on it, some people might even be having their life savings on it.

this is another hard lesson for users who are storing their coins to crypto-exchanges. i can understand the trust given to this once a big exchange, but no matter what the reputation of the trading platform, better secure your funds in your own wallet.
most of us in this crypto market got a surprise when we read the news that binance is about to acquire ftx. we haven't seen this coming. but binance saw the trouble that ftx was in, and so they walked away from their initial offer.
this hack has high possibility that it is an inside job. trying to get money as much as they can.

[Fivestar4everMVP]

Thanks for this information @OP, the FTX saga is one that have really shook the entire crypto community and market alike, and one that will go down in history and stay in people's lips for a considerable period of time.
I saw this news of the hack this morning and indeed, my hearts goes out to everyone out there that has been a victim of all this bruhaha in the industry.
In the end of it all, the only winners are those who keep to the golden rule of "not your keys, not your crypto"

[OgNasty]

People on twitter are saying that Sam has been spotted speaking with authorities as of a couple hours ago. It seems like he may actually end up in jail. When you think about how he was donating so much money now it doesn’t make him seem like such a great guy. I don’t know what laws he broke exactly, but losing billions of dollars of other people’s money doesn’t make him seem as altruistic as he was being presented a few weeks ago.

[len01]

I'm responding to the FTX story like it's a new drama from the owner of the FTX marketplace.
so I think the FTX market is making plays as if all the funds in it have been attacked by hackers.
Although everyone doesn't know for sure, stories like this date back to ancient times.

if indeed the FTX market was hit by a hacker attack why is it only now after the debate between binance and FTX? and I think this was all planned by the SBF