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Its 30-year-old founder and CEO Sam Bankman-Fried has resigned and has lost his $16 billion fortune in less than a week. Elliptic said it is a common technique used by hackers to prevent their funds from being seized.įTX, until last week one of the most powerful players in the crypto industry, is experiencing a rapid collapse. The stablecoins and other missing tokens are being quickly converted to ether, the second-largest cryptocurrency after Bitcoin, on decentralized exchanges, Elliptic said.

Miller tweeted late Friday that FTX is “investigating abnormalities” regarding wallet movements “related to consolidation of FTX balances across exchanges.” The facts are still unclear and the company will share more information as soon as possible, he added. The process was “expedited” Friday evening “to mitigate damage upon observing unauthorized transactions,” Miller said in a tweet. The week that took down a crypto behemothĮlliptic said although the theft is unconfirmed, $473 million in crypto assets were apparently stolen from FTX. FTX did not respond to Reuters request for comment.Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, on Wednesday, Aug 17, 2022. Reuters could not immediately verify the details posted on FTX's Telegram channel. The administrator wrote "Delete them," referring to FTX apps, the report said, adding that Miller had pinned the message.

"FTX has been hacked," an account administrator in the FTX Support Telegram channel wrote in a message, according to CoinDesk. In the highest-profile crypto collapse, FTX, affiliated crypto trading firm Alameda Research and about 130 of its other companies filed for bankruptcy court protection from creditors in Delaware, FTX said on Friday. general counsel Ryne Miller tweeted late on Friday that he was "investigating abnormalities with wallet movements related to consolidation of FTX balances across exchanges." Nov 12 (Reuters) - FTX officials appeared to confirm rumors of a hack on the bankrupt crypto exchange's Telegram channel and have instructed customers to delete FTX apps and avoid its website, news outlet CoinDesk reported on Saturday.