$600M in crypto mysteriously flows out of FTX wallets as exchange may be hacked – Ethereum (ETH/USD)

More than $600 million in cryptocurrency mysteriously disappeared from the wallets of the bankrupt exchange FTX.

As a result, FTX announced on its official Telegram channel that the exchange was hacked and advised users not to install new updates and delete all FTX apps.

General Counsel of FTX Ryne Miller on Telegram pinned a message written by an account admin that visiting the FTX website may lead to trojan downloads.

“FTX has been hacked. FTX apps are malware. delete them The chat is open. Do not go to the FTX site as it may download trojans,” the account admin wrote.

Also read: Binance’s CZ Slams reports that Binance’s reserves are full of its own tokens: “All the numbers are wrong”

Various tokens are transferred to DEXs

Various ether ETH/USD tokens as well as the Solana SOL/USD and Binance SmartChainBNB/USD Tokens have left FTX’s official wallets and moved to decentralized exchanges such as 1 inch, according to to on-chain data.

Apparently both FTX and FTX US are affected.

Earlier, Miller tweeted, “Investigating anomalies in wallet movements related to consolidation of FTX balances between exchanges – unclear facts as other movements are not clear. We will share more information as soon as we have it.”

The transfers come on the same day that FTX officially filed for Chapter 11 bankruptcy protection after claiming it lost billions of dollars in user funds. The transfers have not been formally addressed by FTX leadership.

FTX users see $0 in their wallets

Numerous FTX wallet owners have also reported seeing $0 balances in their FTX.com and FTX US wallets. This may be due to the FTX API not being available.

FTX founder Sam Bankman-Fried was the target of lewd jokes and insults that appear to have been included in some of the transactions.

This prompted immediate speculation on Twitter from members of the cryptocurrency community that the funds had been siphoned off in some sort of attack.

Others have suggested that a member of Bankman-Fried’s inner circle may be responsible for orchestrating the drains.

“Several former FTX employees have confirmed to me that they do not recognize these transfers,” online crypto-sleuth ZachXBT tweeted.

At midnight (Eastern Time), FTX’s login portal was down (the site is still active) and users attempting to log in received a 503 error.

Next: FTX US halts processing withdrawals 1 day after Bankman-Fried says company is 100% liquid

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