On Saturday (12 November 2022), it appears that hundreds of billions of dollars in crypto have illegitimately been taken from FTX’s wallets, and according to a notice on FTX’s official Telegram channel, the crypto exchange has been hacked.
Around 2:47 a.m. UTC, people started noting that “Hundreds of millions of dollars” were leaving FTX wallets:
Recipient wallet here: https://t.co/gHaDOXBCOC
They seem to be moving everything pic.twitter.com/lFDgNgqukF
— foobar (@0xfoobar) November 12, 2022
At 4:08 a.m. UTC, FTX US’s General Counsel Ryne Miller tweeted:
Investigating abnormalities with wallet movements related to consolidation of ftx balances across exchanges – unclear facts as other movements not clear. Will share more info as soon as we have it. @FTX_Official
— Ryne Miller (@_Ryne_Miller) November 12, 2022
Around 4:59 a.m. UTC, it looks like the administrator of FTX Community Chat confirmed that FTX has been hacked:
If this hack is legit, The hacker may have had access to FTX keys for a long time, slowly withdrawing without raising any suspicions.
But today they decided to pull it all.
— 0xTre (@0xTre) November 12, 2022
At 6:14 a.m. UTC Musk announced:
FTX meltdown/ransack being tracked in real-time on Twitter
— Elon Musk (@elonmusk) November 12, 2022
