Submitted by: aka.attrition
Source: CoinDesk
FTX officials appeared to confirm rumors of a hack on Telegram, instructing users to delete FTX apps and avoid its website.
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The collapse of FTX, already one of the most spectacular disasters in financial history, worsened as hundreds of millions of dollars were drained from the cryptocurrency exchange hours after it filed for bankruptcy.
More than $600 million was siphoned from FTX’s crypto wallets late Friday. Soon after, FTX stated in its official Telegram channel that it had been compromised, instructing users not to install any new upgrades and to delete all FTX apps.
“FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don’t go on FTX site as it might download Trojans,” wrote an account administrator in the FTX Support Telegram chat. The message was pinned by FTX General Counsel Ryne Miller.
Hours later, Miller disclosed in a tweet that FTX US and FTX.com had been moving all their digital assets to cold storage because of the Friday bankruptcy. “Process was expedited this evening – to mitigate damage upon observing unauthorized transactions,” he said.
Many FTX wallet holders reported $0 balances in their FTX.com and FTX US wallets. FTX’s API appeared to be down, which could account for this. According to on-chain data, various Ethereum tokens as well as Solana and Binance Smart Chain tokens exited FTX’s official wallets and moved to decentralized exchanges like 1inch. Both FTX and FTX US appear to be affected.
The transfers occurred on the same day that the firm filed for Chapter 11 bankruptcy protection in the U.S. after apparently losing – or misappropriating – billions of dollars in user funds. Suspicions – which are conjecture at this point – circulated online about whether, rather than an outside attack, someone inside the company might’ve been responsible.
On Twitter, members of the cryptocurrency community quickly began to speculate that the outflows could have been coordinated by a member of Bankman-Fried’s inner circle, pointing out that the simultaneous and sophisticated hacks of FTX and FTX US are indicative of a potential inside job. Twitter sleuth ZachXBT tweeted Friday night that “multiple former FTX employees confirmed to me that they do not recognize these transfers.”
Around midnight Eastern time, FTX’s login portal was unavailable (though the site was still online) giving users a 503 error when they attempted to log in. A 503 error happens when the server is unavailable, commonly because it’s down for maintenance or unavailable for access.
Satoshi Nakamoto done did it.
Keyser Soze did it!
The greatest trick the digital devil ever pulled was convincing us that he would let us escape the mark of the beast in the virtual heaven of the Interwebz.
CBDC incoming!!!
Dominion vote counting machines did it.
Desire for something for nothing did it:
https://www.unz.com/isteve/sam-bankman-fried/#comment-5653556
From:
https://www.unz.com/isteve/sam-bankman-fried/
BYOCB then rob it.
Toss little bits of easy consumer credit kibble to the canine masses as they watch TV and learn to want their own mansion to pimp so they won’t protest you starving them via inflation/theft.
A thumbs up for posting two videos from that flick.
Though despising DeNiro for his useless political opinions,
if you haven’t seen it, Midnight Run is some decent fluff entertainment.
Dennis Farina is good in this, besides Grodin.
It’s funny, interesting plot, good casting, and the end is enjoyable too.
I recommend it, if bored and want to escape to Hollywierd’s fantasyland.
Fistophobia
Manischewitz hangover on Monday is going to be epic.
I’d look at Alameda Research.
https://i.postimg.cc/V6YVxf1b/28230db72a5b6e0e.webp
Coinbase seems to be somehow involved, too.
Oy vey !meshugganah! Take the money and run to Tel Aviv.
Past tense … ‘took’ the money and ‘ran’ to the homeland … well beyond the reach of our courts and legal system …
“Crypto” “wallets” “hacked”
Fucking morons. What the hell is wrong with people?
Leather wallets come with a real block chain hooked to your belt.
Jus’ sayin’ . . .
There were no “crypto” “wallets” “hacked”.
People had accounts, like PayPal, with cash or crypto in them, and it got stolen.
Its nearly, if not impossible to hack a crypto wallet. I have never heard of a single instance of such.
I would never trust .gov not to have, or find, backdoors into all of that. The depop/technocracy agenda is so huge, such a long scam, so planned, so entrenched, and so close to fruition, that relaxing at the idea of security seems foolish.
These people are simply the most evil geniuses ever. Certainly, there’s nothing they wouldn’t do, if they’re able.
All happened on a Friday. Imagine that! By Monday everyone will have moved on. Short attention span. I could be wrong but when big players are involved things (and people) get buried.
Gold will go.down stocks will go up lol.
Bernie Madoff didn’t get buried … even by his own people … but he did get sentenced to a long, long, long time behind bars in a federal country club …
It’s really rough.
“Otisville is also known as a favorite among prison-bound Jews for its kosher meals and Shabbat services.
Add in recreational amenities like tennis courts, horseshoes and cardio equipment, and it sounds like the closest thing the federal prison system has to sleepaway camp.
Forbes once ranked Otisville as one of “America’s 10 Cushiest Prisons,” but former employees and inmates say it’s hardly “Club Fed.” Inmates are still doing time and they’re still separated from their families and friends — save for occasional visits.”
Tax payer money was sent to Ukraine, Ukraine took those billions and bought crypto through FTX, FTX took that money and sent it to Democrats.
https://halturnerradioshow.com/index.php/en/news-page/world/breaking-news-ukraine-military-aid-from-usa-was-invested-in-crypto-ftx-by-ukraine
Specifically 10%/to The Big Guy.
All the “crypto” currencies and their corresponding wallets were based on a false premise (that was known to be false when all this e-commerce nonsense started. It is all based on the assumption that the product of large primes is “hard” to factor (or mathematical problems isomorphic to that one). Well, hard for Joe Schmo is one thing, hard for the NSA and other governments “three letter” agencies is another.
Since then, numerous mathematical journal papers have appeared (and many censored) showing, e.g. explaining algorithms that can do fast factoring (or “problems isomorphic to that”). In any event, there is no mathematical proof showing the large prime factoring problem is intrinsically hard.
Further, the public/private key encryption methods, are NO HARDER than the product of large primes factoring problem. In the vast majority of cases they are, in fact, much easier. For any public/private key encryption the public is likely to be exposed to one does not actually have to solve for the actual “private key” given a known “public key”. One only has to find ANY “private key” that gives rise to the SAME public key. At that point it doesn’t make any difference, one gains all the access of the “genuine” “private key” holder. For the vast majority of public keys there are a great many “private keys” that will give rise to them, hence the probability of finding one is relatively high and a much easier problem to solve than the factoring one, which is not as “hard” as most people think.
This stuff, back in the late 1970’s and early 1980’s was normally in University Graduate Level Mathematics courses in “Abstract Algebra” and “Number Theory”. It also was frequently covered in Graduate Engineering courses in “Signal Analysis and Communications Systems”.
Digital currencies, wallets, etc. were all a fraud from the get go. Modern cheap powerful computers now allow any mathematically knowledgeable organization or even just a single person to “print” as much of it as they like.
It’s all Greek to me lol.
THEGATEWAYPUNDIT is reporting this: BREAKING EXCLUSIVE: Tens of Billions of US Dollars Were Transferred to Ukraine and then Using FTX Crypto Currency the Funds Were Laundered Back to Democrats in US
And right after the most secure mid term elections in US history, the whole thing disintegrates, $600,000,000 is missing. No way to investigate it.
Now we know how much the Democrats paid to stop the red wave.
Did the hackers kick back 10% to The Big Guy? If so then they’ll probably going to get away with it.
It’s trump and Putin working together lol
All that money went right to the Democratic National Party…through Ukraine. Pretty sweet scam.
Send US tax money to Ukraine for war effort.
Zelensky ‘invests’ money in FTX instead of its intended use.
FTX “donates” to DNC
Owner of FTX falls on his own sword.
Dems keep the cash.
Easy peasy.
Coach Feratu is not amused. /s
spot on.
There is nothing mysterious about thieft, it is preplaned and inacted only at the last moment.
You have been done by forces that control everything.
No one comes from zero to a billionare in a few weeks.
Apparently the F.I.B. is involved, so odds are this entire story gets slow walked or memory holed in short order. If not, it’s a distraction from something much worse and bigger. Heads on swivels, folks.
Heck, it was probably for FIB’s payroll and operating expenses.
Surprised they haven’t blamed Trump for this yet!