The process, which started with the news of FTX’s liquidity problems, has come to bankruptcy and now to hacking.
Assets that were unauthorizedly removed from FTX wallets in the morning brought up allegations that the exchange was hacked or “looted” by the developer team.
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Tracking on-chain data shows that hackers have sold billions of tokens, including coins like SHIB, LINK, MATIC, and APE.
After the news of the hack came from Ryne Miller, one of the executives of FTX.US, in a statement.
Ryan Miller:
Following Chapter 11 bankruptcy filings, FTX US and FTX.com took precautionary steps to move all digital assets to cold storage. The process has been expedited this evening to mitigate damage upon observation of unauthorized transactions.
It seems that the administrator also admitted that unauthorized transactions were made. However, no amount was mentioned in the statement.