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

[ChiNgadOr]

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.

I am still very confused why all these are happening ow that the exchange is I'm some shits. We can blame anyone now about the hack since we don't know how this started and how it will end. This is a great exchange and I think this news is really annoying and heart broken for the investors that has fund in the platform.
I still hope that all funds will be recovered if possible because this is one of the most annoying part when we talk about crypto exchanges and how they could be of importance when purchasing crypto.

[1714247463]

1714247463

[1714247463]

1714247463

[1714247463]

1714247463

[1714247463]

1714247463

[romero121]

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.

He's a person who have been donating a big part to the needy people. He lived simple lifestyle living in a shared appartment. He's portrayed as one among the best person in the cryptospace for what he have done to the community. Now this have changed completely and people are feeling bad. More than $600 million worth cryptocurrency have got hacked and transferred. No one is clear about the incident that happened with FTX.

[Wiwo]

There is a high probability that it was done by their insiders. It is too dramatic. I want to know how the user funds are solved.

Just as I have always said, there is no hack without the aid of an insider who will leave the back end open for access, this one will not be different from all the previous incidents of exchange hacking in history, but just as we are advised to stay away from the site for now and also delete all softer that can connect your device to the exchange. I know when investigations are concluded the real fact will emerge and we can see the true picture of what transpired and how much is lost to this hack until then we can only feed on the assumptions of other speculators.

[ZZ8ZZ]

Good call, I deleted it 2 days ago too. It's a shame what happened to this company, but that's normal if it's operated by clowns.

[coupable]

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.

He's a person who have been donating a big part to the needy people. He lived simple lifestyle living in a shared appartment. He's portrayed as one among the best person in the cryptospace for what he have done to the community. Now this have changed completely and people are feeling bad. More than $600 million worth cryptocurrency have got hacked and transferred. No one is clear about the incident that happened with FTX.

In the face of this blackout about what happened, the incident caused a general state of panic among users, and they actually started asking questions about the integrity of trading platforms in general. There are many parties that publish information about Binance's relationship with what happened, and that it, too, can go bankrupt overnight.
The sharp decline in cryptocurrency prices further confirms these concerns among users.

[Rigon]

I heard the news and saw that over three million dollars had been taken from it. But I believe millions and nine billion dollars have been taken out of there. But I'll hold their team management to account here. Maybe they did this politics not to be here. Due to which all the members of this team have removed all the money together. But please delete the app and website account very quickly. If there is money taken, remove it quickly and stay in save position.

[casinotester0001]

"Not your keys, not your Bitcoin"

Here is the proof:

- List of Hacked Exchanges, since 2011:

I would like to share this list of hacked exchanges, after viewing the data, consider how and where you store your Bitcoins.
Several types of scams appear in different sources of news, theft or loss of BTC at the individual level.
I prefer to focus on the hacking of exchanges which is what affects us all, but due to the importance of some Bitcoin thefts outside the exchanges, I will include the most important.
If someone wants to publish their personal experience with any of these unpleasant situations, feel free to do so.

Since 2011 have stolen millions of dollars from exchanges, account theft, security breaches, phishing, some recovered others filed for bankruptcy. The solution adopted by governments to improve security is to implement more stringent and regulatory policies.

- This is a list exchanges hacked 2011/2018, I hope I do not have to update this year.
- 2019 has been worse than the previous year.

2020 I have updated some data and renewed the presentation of the incidents of the exchanges, I have more references obtained from several sources, once contrasted with mine they give a wider result of exchanges that have suffered some type of attack, so the presentation is annual to have a more specific vision of each year.

The sources are basically online portals and social networks that warn about hacked exchange, once verified it is included in the corresponding list of the year.

"Not your keys, Not your Bitcoin"

2011 > 7

Code:

 
Year Month Exchange		  	Amount/$		 Hacked	   Source:

2011  Jun. MTGOX		          30.000	    2.000 / BTC    en.wikipedia.org/wiki/Mt._Gox#Security_breach_and_invalid_addresses_(2011)
2011  Jun. Mass MyBitcoin		  60.000            4.000 / BTC    blog.goodaudience.com
2011  Jul. Ubitex			  15.575	    1.138 / BTC    en.bitcoin.it/wiki/List_of_Major_Bitcoin_Heists,_Thefts,_and_Losses
2011  Jul. Bitomat.pl 			 231.570 	   17.000 / BTC    coindesk.com/hacker-attack-polands-bitcoin-exchange
2011  Aug. MyBitcoin                   1.072.500	   78.735 / BTC	   arstechnica.com/tech-policy/2017/12/a-brief-history-of-bitcoin-hacks-and-frauds/
2011  Sep. Mooncoin			  22.300	    4.000 / BTC    @wayne_huang medium.com
2011  Oct. Bitcoin7		          50.000	    5.000 / BTC    coinsutra.com/biggest-bitcoin-hacks/

2012 > 5

Code:

Year Month Exchange		  	Amount/$		 Hacked	   Source:

2012  Mar. Bitcoinica			 228.000 	   43.000 / BTC	   hackernoon.com/a-huge-list-of-cryptocurrency-thefts-16d6bf246389	
2012  May. Bitcoinica			  87.000 	   18.457 / BTC	   hackernoon.com/a-huge-list-of-cryptocurrency-thefts-16d6bf246389
2012  Jul. Bitcoinica			 300.000 	   40.000 / BTC	   news.bitcoin.com/bitcoin-exchange-thefts-forgotten
2012  Jul. BTC-e					    4.500 / BTC	   bitcoinmagazine.com/articles/btc-e-attacked-1343738085
2012  Sep. Bitfloor			 250.000	   24.000 / BTC    coinsutra.com/biggest-bitcoin-hacks/

2013 > 18

Code:

Year Month Exchange		  	Amount/$		 Hacked	   Source:

2013  Feb. Bit LC		    Not revealed            2.000 / BTC	   themerkle.com/top-5-bitcoin-heists-of-2013/
2013  Mar. Bitcoin Rain			 230.000	    4.000 / BTC	   bitcoinsaints.blogspot.com/p/3rd-mt.html	
2013  Mar. BTC Guild 		    Not revealed            1.254 / BTC    bitcoinsaints.blogspot.com/p/3rd-mt.html
2013  Apr. Ozcoin			 100.000 	      923 / BTC    bitcoinmagazine.com/articles/ozcoin-hacked
2013  Apr. ZigGap			 195.000	    1.708 / BTC    bitcoinsaints.blogspot.com/p/3rd-mt.html
2013  Apr. Bitcoin Central	    Not revealed	    x.xxx / BTC	   coindesk.com/hackers-hit-bitcoin-central-exchange
2013  May. Vircurex			 160.000 	    1.450 / BTC	   coiniq.com/cryptocurrency-exchange-hacks/
2013  Jun. PicoStocks 		         130.000	    1.300 / BTC    coiniq.com/cryptocurrency-exchange-hacks/
2013  Aug. Android RNG bug	    Not revealed	       60 / BTC    bitcoinsaints.blogspot.com/p/3rd-mt.html
2013  Oct. basic-mining		    Not revealed	    2.131 / BTC    bitcoinsaints.blogspot.com/p/3rd-mt.html
2013  Oct. GBL			    Not revealed           22.000 / BTC    bitcoinsaints.blogspot.com/p/3rd-mt.html
2013  Oct. Silk Road 		FBI confiscation	  171.955 / BTC    Silk Road - FBI.gov
2013  Nov. Just-Dice			 108.807	    1.300 / BTC	   https://en.bitcoin.it/wiki/Talk:Inputs.io
2013  Nov. Bips 		    Not revealed	    1.295 / BTC    thehackernews.com/2013/11/danish-bitcoin-exchange-bips-hacked-and_25.html
2013  Nov. Bidextreme		    Not revealed	      500 / BTC    bitcoinsaints.blogspot.com/p/3rd-mt.html
2013  Nov. bitcash.cz			 100.000              485 / BTC    coindesk.com/czech-bitcoin-exchange-bitcash-cz-hacked-4000-user-wallets-emptied
2013  Nov. inputs.io		       1.200.000	    4.100 / BTC    wired.com/2013/11/inputs/
2013  Nov. PicoStocks		       3.000.000	    5.896 / BTC	   coiniq.com/cryptocurrency-exchange-hacks/
2013  Dec. Sheep Market			 100.000	    5.400 / BTC    coindesk.com/sheep-marketplace-track-stolen-bitcoins

2014 > 12

Code:

Year Month Exchange		  	Amount/$		 Hacked	   Source:

2014  Feb. Silk Road 2		       2.600.000 	    4.476 / BTC    coindesk.com/silk-road-2-loses-bitcoins-hack
2014  Feb. Mt.Gox		     473.000.000    	  750.000 / BTC    cointelegraph.com/news/the-mess-that-was-mt-gox-four-years-on
2014  Mar. Bitcurex	            Not revealed		  / BTC	   coindesk.com/polish-bitcoin-exchange-bitcurex-targeted-hacking-attack
2014  Mar. Canadian Bitcoins		  95.000	      149 / BTC    coindesk.com/9-biggest-screwups-bitcoin-history
2014  Mar. Flexcoin 		         600.000              896 / BTC    coindesk.com/bitcoin-bank-flexcoin-close-600000-bitcoin-theft
2014  Mar. CryptoRush		         570.000 	      950 / BTC    coiniq.com/cryptocurrency-exchange-hacks/#Cryptorush
2014  Mar. Poloniex		          64.000 	       97 / BTC    coiniq.com/cryptocurrency-exchange-hacks/#Cryptorush
2014  Jul. Cryptsy	               7.500.000	   13.000 / BTC    coindesk.com/cryptsy-bankruptcy-millions-bitcoin-stolen
2014  Aug. BTER 		       1.065.000 		  / NXT    coindesk.com/bter-nxt-bitcoin-exchange-hack
2014  Oct. KipCoin		         690.000 	    3.000 / BTC    selfkey.org/list-of-cryptocurrency-exchange-hacks/
2014  Oct. MintPal		       1.300.000 	     / VeriCoin    cointelegraph.com/news/mintpal-hacked-considerable-amount-of-vericoin-stolen
2014  Dec. BitPay		       1.800.000 	    5.000 / BTC    siliconangle.com/2015/09/17/bitpay-hacked-for-1-8-million-in-bitcoin-during-december-2014/

2015 > 7

Code:

Year Month Exchange		  	Amount/$		 Hacked	   Source:

2015  Jan. LocalBitcoins 	 			       17 / BTC    newsbtc.com/2015/01/29/localbitcoins-hacked-17-bitcoins-stolen-amongst-users/
2015  Jan. 796Exchange 		         230.000 	    1.000 / BTC    coiniq.com/cryptocurrency-exchange-hacks/#2015
2015  Jan. Bitstamp 		       5.200.000	   19.000 / BTC    coiniq.com/cryptocurrency-exchange-hacks/#Bitstamp
2015  Feb. BTER 		       1.750.000 	    7.170 / BTC    coindesk.com/bter-to-return-hacked-funds-following-security-partnership
2015  Feb. KipCoin 			 600.000	    3.000 / BTC    newsbtc.com/2015/02/19/chinese-bitcoin-exchange-kipcoin-shuts-claims-losing-3000-btc-hackers/
2015  May. Coinapult 			  42.900 	      150 / BTC    coindesk.com/coinapult-loses-40k-hot-wallet-compromise
2015  May. Bitfinex 	       Hot Wallet Hacked 	    1.500 / BTC    cointelegraph.com/news/breaking-bitfinex-hot-wallet-hacked-bitcoins-stolen

2016 > 5

Code:

Year Month Exchange		  	Amount/$		 Hacked	   Source:

2016  Mar. Cointrader		    Not revealed   	     Shuts Down    coindesk.com/bitcoin-exchange-cointrader-shuts-down	
2016  Apr. Shapeshift			 230.000              469 / BTC    coiniq.com/cryptocurrency-exchange-hacks/#2016
2016  May. Gatecoin		       2.140.000              250 / BTC    coiniq.com/cryptocurrency-exchange-hacks/#2016
2016  Aug. Bitfinex		      77.000.000	  119.700 / BTC    coiniq.com/cryptocurrency-exchange-hacks/#2016
2016  Oct. Bitcurex		       1.500.000	    2.300 / BTC    news.bitcoin.com/bitcurex-forced-million-theft/

2017 > 5

Code:

Year Month Exchange		  	Amount/$		 Hacked	   Source:

2017  Apr. Yapizon (Youbit)	       5.300.000	    3.816 / BTC    news.bitcoin.com/hacked-korean-bitcoin-exchange-yapizon-offers-ious/
2017  Jun. Bithumb		      31.000.000 	         Crypto    coindesk.com/bithumb-exchanges-31-million-hack-know-dont-know
2017  Aug. OKEx			       3.000.000 	      600 / BTC    cointelegraph.com/news/chinese-bitcoin-exchange-okex-hacked-for-3-mln-police-not-interested
2017  Dec. Nicehash		      65.000.000 	    4.736 / BTC    coindesk.com/62-million-gone-cryptocurrency-mining-market-nicehash-hacked
2017  Dec. Youbit       Stolen 17% of its assets 	      Shut Down    https://coiniq.com/cryptocurrency-exchange-hacks/#2017

2018 > 9

Code:

Year Month Exchange		  	Amount/$		 Hacked	   Source:

2018  Jan. Coincheck  		     500.000.000 		  / NEM    coindesk.com/coincheck-confirms-crypto-hack-loss-larger-than-mt-gox
2018  Feb. BitGrail    		     187.000.000		  /Nano    bitcoinist.com/bitgrail-cryptocurrency-exchange-hacked-170-million-nano-allegedly-stolen/
2018  Mar. Foxbit 			 270.000 	       30 / BTC    finance.yahoo.com/news/270-000-brazil-largest-bitcoin-172549113.html
2018  Apr. Coinsecure 		       3.500.000 	      430 / BTC    bitcoinist.com/3-5-million-bitcoin-stolen-coinsecure-exchange-hack-security-chief-suspected/
2018  May. Bitcoin Gold 	      18.000.000 		  / BTG    news.bitcoin.com/bitcoin-gold-hacked-for-18-million/
2018  Jun. Coinrail    		      40.000.000   	         Crypto    bitcoinmagazine.com/articles/south-korean-exchange-coinrail-hacked-40-million-crypto-reported-stolen
2018  Jun. Bithumb 		      30.000.000 		 Crypto    cointelegraph.com/news/from-coincheck-to-bithumb-2018-s-largest-security-breaches-so-far
2018  Jul. Bancor  		      13.500.000  		 Crypto    coindesk.com/token-platform-bancor-goes-offline-following-security-breach
2018  Sep. Zaif   		      60.000.000  	   Crypto / BTC    coindesk.com/crypto-exchange-zaif-hacked-in-60-million-6000-bitcoin-theft

2019 > 16

Code:

Year Month Exchange		  	Amount/$		 Hacked	   Source:

2019  Jan. Cryptopia		      16.000.000	   Crypto / ETH    twitter.com/Cryptopia_NZ/status/1085084168852291586
2019  Jan. Liqui Crypto	       lack of liquidity	      Shut Down    cointelegraph.com/news/ukrainian-crypto-exchange-liqui-shuts-down-cites-lack-of-liquidity
2019  Jan. QuadrigaCX		     190.000.000		Blocked	   coindesk.com/quadriga-creditor-protection-filing
2019  Feb. Coinmama			 450.000       emails+passwords	   ccn.com/exchange-coinbene-swears-it-wasnt-hacked-traders-fear-the-worst
2019  Mar. DragonEx		    Not revealed	         Crypto    coindesk.com/singapore-based-crypto-exchange-dragonex-has-been-hacked
2019  Mar. Coinbene		    Not revealed		Blocked	   blockonomi.com/coinbene-hacked-exchange-says-not/
2019  Mar. Bithumb		      13.000.000	         Crypto    coindesk.com/crypto-exchange-bithumb-hacked-for-13-million-in-suspected-insider-job
2019  May. Binance		      41.000.000 	    7.000 / BTC    cointelegraph.com/news/hackers-withdraw-7-000-bitcoins-in-binance-crypto-exchange-security-breach
2019  Jun. GateHub		      10.000.000		  / XRP    cointelegraph.com/news/report-nearly-10-million-in-xrp-stolen-in-gatehub-hack
2019  Jun. Bitrue		       5.000.000			   cointelegraph.com/news/singaporean-exchange-bitrue-gets-hacked-losing-5-million-in-xrp-cardano
2019  Jun. Bitsane		    Not revealed		           cointelegraph.com/news/exit-scam-dublin-based-exchange-bitsane-vanishes-with-users-funds
2019  Jun. Bitcoins Norway	    Not revealed			   news.trijo.co/news/norwegian-crypto-exchange-wants-to-force-users-to-sell-their-cryptocurrencies/?lang=en
2019  Jun. BitMarket		    Not revealed	      Shut Down    cointelegraph.com/news/polish-crypto-exchange-bitmarket-shuts-down-citing-liquidity-loss
2019  Jul. Bitpoint		      32.000.000           Crypto / BTC    cointelegraph.com/news/japanese-crypto-exchange-bitpoint-suffers-32-million-hack
2019  Nov. Upbit		      49.000.000	  342.000 / ETH    coindesk.com/crypto-exchange-upbit-confirms-theft-of-49m-in-ether
2019  Dec. PlusToken Ponzi				       scammers    coindesk.com/chainalysis-report-on-plustoken-scammers-blamed-for-mondays-crypto-selloff

2020 > 6

Code:

Year Month Exchange		  	Amount/$		 Hacked	   Source:					

2020  Jul. Cashaa		         -------   	      336 / BTC	   cointelegraph.com/news/hacker-stole-336-btc-from-crypto-exchange-cashaa
2020  Feb. Altsbit		          63.000	   Crypto / BTC    coindesk.com/new-crypto-exchange-altsbit-says-it-will-close-following-hack
2020  Sep. Eterbase		       5.300.000	   Crypto / BTC    coingeek.com/european-exchange-hacked-for-over-5-million/
2020  Sep. KuCoin 	             150.000.000	   Crypto / BTC	   decrypt.co/43015/cryptocurrency-exchange-kucoin-likely-hacked-reports
2020  Dec. Livecoin		     	 465.000	   Crypto / BTC    zdnet.com/article/russian-crypto-exchange-livecoin-hacked-after-it-lost-control-of-its-servers/
2020  Dec. Altilly                       -------	   ------------	   canadaecoin.site/altilly-hack/		

Please, post your comment if you are affected by this unpleasant situation or how you solved it, of course, it can help a lot.


Before this thread, in the forum there was a thread with very detailed information, but it is no longer updated, I leave the link in case you want to visit it, maybe some information is useful for you.

List of Major Bitcoin Heists, Thefts, Hacks, Scams, and Losses:

https://bitcointalk.org/index.php?topic=83794.0
https://bitcointalk.org/index.php?topic=576337.0

2023 > x

Code:

RESERVED	

2024 > x

Code:

RESERVED	

2025 > x

Code:

RESERVED	

2026 > x

Code:

RESERVED	

...

[DapanasFruit]

In an industry that has become synonymous with scams and hacking, this latest FTX hacking incident is not anymore a big surprise to me and can even be just its natural progression as everybody on the FTX ship have been jumping from the platform. They decided that why not take some assets that they can salvaged but because the platform is now closed so nobody can be making any withdrawal the best option is to hack it from the inside out. I am looking forward for a more dramatic legal battle ahead to recover some of the hacked funds and to make those people responsible with this big mess accountable with the law. We don't need special laws to cover what SBF and his minions did...laws on stealing can easily take them.

[o_e_l_e_o]

Kraken chief security officer (that Nick Percoco guy) confirmed that they know who is behind that account.

Remember that the person/people who pulled off this inside job had access to everything belonging to FTX - wallets, private keys, servers, websites, apps, source code, the lot. They would certainly have had access to transaction histories, and so could simply have picked the Kraken account of an unsuspecting FTX user to send some of the stolen funds to in order to throw people off the scent. And they could well have also had access to FTX's collected KYC data, meaning they could have used that data at any time in the past to open a Kraken account in someone else's name. Or they could just have bought some of the many many users' KYC data which is up for sale on the darknet.

It's too early to assume that whomever this Kraken account belongs to is the main culprit or indeed is actually involved at all.

[Fullcoinese]

doesn't this sound like a deliberate hack by an FTX insider? and they told me to delete the app and then run away. however, this hack sounds too coincidental. The news is currently circulating on social media.
they now look like criminals.

[Rikafip]

Remember that the person/people who pulled off this inside job had access to everything belonging to FTX - wallets, private keys, servers, websites, apps, source code, the lot. They would certainly have had access to transaction histories, and so could simply have picked the Kraken account of an unsuspecting FTX user to send some of the stolen funds to in order to throw people off the scent.

Good point. Thinking of it, they could even frame another FTX employee that they know has Kraken account and has access to everything needed, which would make him an obvious target.

[EarnOnVictor]

I don't believe almost everything I read on social media because they are heresies, they are not worth acting upon decisively. So the OP is telling me that FTX could have let down its guard as totally as this, and would not be able to reclaim its site and apps again to the extent that all money is gone? To where? Such has never happened before to such a big company before, the worse is for the hackers to steal a certain amount, that's all.

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

[franky1]

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.

when it comes to crypto. crypto does not just disapear off blockchains. and so users that deposit crypto but dont swap it for non crypto(fiat/non blockchain tokens) their crypto should be reserved and held and returned 1:1
by users not being able to get back their crypto is bad and can involve unlawful/criminal reasons why those cryptos are gone

he could be speaking to them about giving evidence/proof of "hack" meaning he is a witness/victim giving evidence of an outside crime.. or the authorities could be looking at him as a suspect of insider fraud

we dont know yet so its speculation..

anyways
legally(contract/finance(punishment:fines/restrictions)
he sidestepped liability of personal bankruptcy and having to be limited in his future business practices by stepping back as CEO and putting a fall guy in when filing bankruptcy. (captain did not go down with the ship)

however
lawfully(criminal(punishment: probation/prison))
he could be done for fraud or theft if authorities can prove he wronged his customers outside of the terms/conditions of user agreements and where he crossed the lines of tax law or accounting law

i never seen him as altruistic. he was a liquidator. yes for a 30yo he had a savvi business mind about some of the loopholes and methods to gain assets
even things like saying "dont use the app, dont use the site" is savvi way to stop a bank run by getting users to not go to the site (if there was no real hack but just insider shuffling of assets)
...

many businesses think if they throw in the word "investment company" they can get away with users losing their value. but this is about the exchange market orders of the users swapping at bad value and not able to trade back later at better value. where the market is not at fault for users decisions to trade badly

however as a custodian (holder) of users assets not traded. those assets  should not have moved/lost.

[pixie85]

doesn't this sound like a deliberate hack by an FTX insider? and they told me to delete the app and then run away. however, this hack sounds too coincidental. The news is currently circulating on social media.
they now look like criminals.

To me it does. I think it's Sam that's behind all of this including the "hack" that happened like a day after he stepped down as CEO.


I don't know how many of you already know about this, but there's a rumor the CEO of Alameda Caroline Ellison (who was Sam's girlfriend) was given 10 bn USD by Sam and some of that money was used to attack other exchanges and tokens. The money was used to attack Binance futures exchange and also to crash LUNA. Each of these attacks costed them a lot of money which is why so much f the users funds is missing from the exchange.

IMO we got ourselves the greatest villain of crypto since Karpeles.

[MoonOfLife]

doesn't this sound like a deliberate hack by an FTX insider? and they told me to delete the app and then run away. however, this hack sounds too coincidental. The news is currently circulating on social media.
they now look like criminals.

To me it does. I think it's Sam that's behind all of this including the "hack" that happened like a day after he stepped down as CEO.


I don't know how many of you already know about this, but there's a rumor the CEO of Alameda Caroline Ellison (who was Sam's girlfriend) was given 10 bn USD by Sam and some of that money was used to attack other exchanges and tokens. The money was used to attack Binance futures exchange and also to crash LUNA. Each of these attacks costed them a lot of money which is why so much f the users funds is missing from the exchange.

IMO we got ourselves the greatest villain of crypto since Karpeles.

As far as I know FTX and FTX.us are two separate exchanges and have different headquarters and different servers, it's no coincidence that both exchanges were hacked at the same time. Only the insider and I think the head, he is the one who holds all the assets of the company, only he has the ability to create an attack on his own company. He will have to receive retribution for sabotaging Luna and other projects before. CZ did the right thing.

[franky1]

I don't know how many of you already know about this, but there's a rumor the CEO of Alameda Caroline Ellison (who was Sam's girlfriend) was given 10 bn USD by Sam and some of that money was used to attack other exchanges and tokens. The money was used to attack Binance futures exchange and also to crash LUNA. Each of these attacks costed them a lot of money which is why so much f the users funds is missing from the exchange.

from what im gathering..

FTX had a token called FTT which alameda had ALOT (multiple $billions of value) which meant that alameda also meant to have bank account fiat to back up those tokens

so although customers put fiat deposits into FTX exchange. the conversion to FTT token meant the bank account fiat moved to alemeda to back the token

however alameda is supposedly (the speculation rumour) used that bank account fiat for alameda/FTX business plans and not kept it as reserves for customers to back the FTT token

this is why CZ pulled out and sold his stake in FTX because CZ paid using the FTT token which CZ found to be now fractional reserved/lost its peg due to not having the fiat to back the token. due to FTX/alameda spending the reserves on other business plans

..
but thats a fight for the fiat stuff of bankruptcy legal bureaucracy. which seems to be leading to unlawful criminal charges.

to me the fiat losses and shuffling is just side drama of fiat society stuff..

i personally want to know about the crypto custodial/reserves SBF handled, and where over the years they have shuffled around, and where they are right now
where by i want to know how much some secret entity(SBF or a partner has secret retirement fund keys) might be holding a big bag of crypto away from authorities to throw around in later years,, which would affect the crypto markets/industries long after the bankruptcy criminal actions of fiat have blown away in the wind of history

[darkangel11]

"hacked" yea right...
The original hack was a backdoor implanted by SBF that allowed him to move funds from FTX to Alameda without affecting the balance sheet. Remember that South Park meme where a bank employee says "and it's gone"? That's exactly what was happening to the coins you were depositing on FTX for many months but nobody knew about it. SBF controlled all the funds and I hope he gets all his and his family's money taken away for this. Unfortunately it took the liquidators about 6 years to count and sell Mt Gox assets so if you had something stuck on FTX you'll maybe get it back in 2030.

At least we can learn on other people's mistakes. Once again Novogratz is proving to the world how dumb he is. First Luna tattoo and investing in Do Kwon who run away with the money, now he says he lost 5% of all his money on FTX.
Not your keys not your bitcoins.

[m2017]

I’ve heard over 300 million dollars has already been taken. Possibly up to a billion dollars. Early speculation is that it’s an inside job by FTX employees or possibly even Sam trying to make a getaway. I’ll wait until we find out what really happened but it sounds like this is quickly on its way to becoming a Hollywood movie. Be careful out there!

This news has spread all over the media and you are right in saying that we don't know the true cause of what happened. Maybe this is a hacker attack (and this is a coincidence with the moment of the collapse of the exchange. ha, I almost believed it), or maybe the owner or the project team is trying to hide part of the funds (I would have believed it more). Against this background, claims of malware in the app and website look like fake (to me) to scare users away and buy time to withdraw money from the exchange. Too many suspicious coincidences.

The bad thing is that the consequences of these events will reverberate throughout the crypto industry for a long time to come, as has happened more than once before. Have you already noticed the change in the price of btc?

[DooMAD]

This is a great exchange and I think this news is really annoying and heart broken for the investors that has fund in the platform.
I still hope that all funds will be recovered if possible because this is one of the most annoying part when we talk about crypto exchanges and how they could be of importance when purchasing crypto.

Help me understand the mindset here.  What makes an exchange "great"?  I could argue it's not great because... well, look at the situation you find yourself in.  But you seem to have developed an emotional attachment to this particular service.  How did that happen?  And if the funds were recovered, would you continue to use the service if you had the option?  I'm pretty sure you won't have the option, but hypothetically?  I just don't get it, personally.  

[Mpamaegbu]

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.

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