Topic: FTX has been hacked, delete the app, don't go to website - page 2. (Read 899 times)

Exactly. For me, the official FTX Exchange still didn't release any statement that they have been hacked or funds are already gone.
I already can't open my FTX Exchange app, it just loads forever.
There are things that happen right now as Sam Bankman-Fried is rumored to have been arrested by some local authorities. I tend to wait for official announcements from other legit sources.

Nope, being exposed that executives/CEO of it have misused its funds was the first thing that has happened. And this hack just added pressure and more damage to what has been made.
Speculations are telling that they've just done an inside job so that they can still get sympathy from the community. But the thing is, they can no longer do anything with it. They've filed bankruptcy and that will never change and those that still have funds in there, it's unlikely they can get the whole thing. Lucky if they get a portion of it.

This shouldn't be a hack in my opinion because it's too close to their case, whether this is intentional or not but the impression is that FTX wants to wash their hands from their case

deleting the application and not opening the web is currently the best choice because to avoid, forget for a moment the assets that cannot be withdrawn from FTX for a while

It declared bankruptcy and then got hacked the next day.  Funny isn't it?  Most of us here shout an inside job but well, who knows...  The hacking incident cannot be used as a defense of why the exchange goes bankrupt.  It may be considered as one of the reasons to delay payments of clients but well, I still think the hacking incident is suspicious. 


I think the bankruptcy and closure of FTX won't pose a problem if we:

1.  Don't keep our coins in their exchange.
2.  Did not buy or invest in their FTT token.

So using exchanges as it was intended won't become worrisome because we only send the crypto we are to exchange and withdraw the funds when we are done.  It becomes worrisome if we use it beyond its purpose.

How about verifying information yourself, instead of relying on yet another middleman that wont serve you truth when it’s uncomfortable.

They also dont make much sense economically in the first place. In theory given enough time in a free market, the currency with the best monetary properties should come out as winner - theres no logical place for hypertokenization, as theres no need for people to keep value in worse currencies (except to speculate). In practice the market is never completely free because of regulation, so governments can force shitty currencies into circulation (still no place for other shitcoins). When things go bad, its incentivising people to gamble away their money on whatever promises big return as purchasing power deteriorates. Sadly many newbies dont understand markets well and fall for these fallacies again and again, not realising theyre just temporary + promoted ponzies.

And you know what? It is likely they are going to succeed and even more regulation will come to the exchanges, however what can be done about it when they are obviously mismanaging or outright stealing the funds of their customers? It is because of this the community has always warned against centralized services, but people simply do not learn their lesson and they keep making the same mistake over and over again, and unfortunately even with the collapse of FTX many people will still keep their coins at centralized exchanges.

Seems I was right, and FTX has started accessing users' bank accounts illegitimately: http://nitter.it/mikemcg0/status/1591477400634023938
All FTX users need to revoke access ASAP.

I wouldn't risk it. Uninstall the app and scan your phone for malware. In all likelihood it's not going to be functional going forward anyway.

Good. You were never supposed to trust them in the first place.

Because they're toxic, if not poison, as said. Complete lack of utility of a token (besides being fundamentally speculative) means it's in the boundaries of fraud.

According to them, they went bankrupt, and then got hacked. Whatever the sense that makes.

It can be said that the FTX exchange has taken the hearts of many customers to do their daily trading here as well as many who have kept money for a long time, we know they have offered many promotions before this incident even those who hold FTT tokens get special here of course many are tempted and make long-term holdings because of the offer, the fact is that we will no longer trust centralized exchanges even though Binance and other exchanges are still safe it can no longer be trusted to store money there.

Well, someone already thought that it seems that this scenario was calculated long before the time, this is according to some on twitter media that I know, so their plan was ripe and in the end it became a whole mass panic until bitcoin came along fall because a lot of money is wasted in this market certainly affects on a large scale.

This is becoming a bit worrisome doing business with all this centralized exchanges , Basically for all the day traders trading in these platforms not just only for people that store crypto in this exchanges. honestly non of these exchanges are to be trusted anymore even Binance to be precise, no one knows the one that the exchange is cooking up in the future.

In my general view of this recent events, seem to me that this is actually like a game plan (calcuted action) in order to cause mass panic and in order for investors to start yelling for the regulation of cryptos.

the feeling and opinion. is that SBF is saying that it got hacked to mitigate/delay/avoid liability of the losses the company has by pretending an outsider took the funds.. (essentially.. the funds were fine under his management but suddenly disappeared when he was not ceo(too convenient to be true though))

however its sounding more like SBF and other founders mis-apropriated funds over the years themselves...

the "story" is that hackers have access to the front end services of the user login pages and apps. so if users go to website or update app software the app/website supposedly meant to allow hackers access to users funds to steal it..

i call it a story because it sounds more like an excuse of "please dont log in" meaning "dont come to us trying to withdraw your funds
as a means of detering users from doing a bank run on the exchange to try to get their funds out

What exactly happened to Ftx exchange? Was it hacked before knowing it went backrupt or went bankrupt and got hacked of whatever little coins that had reminded in their wallets?? And from this message coming from support are they saying hackers got access to the main exchange wallet using its clients mobile wallets, if this is their story of defense it can't hold!

If I'm correct, I have seen a thread here on the forum that the FTX tracking app isn't working. I instantly checked as I had the app installed, I was also having the same issue as the author of that thread claimed. Check yours too, it won't work for you too.
Edit- got it, here you go- Blockfolio is Gone

I used to love FTX to be honest but that SBF dude was somewhat shady to me from the beginning when I first saw his interview with NAS Daily because he wanted to show up himself on that video lol.

I'll say tokens are double edge sword, some may experience profit when it still pumping, but most experience its sharpness when it is in the process of dumping most of the time.

Tokens are toxic, poison even.

But they become lethal when some company props them up to a high valuation. Because then that token's failure will wreak havoc on everyone who deals with the company.

I've the FTX tracking app I use to keep my portfolio in check. I hope the alleged malware doesn't affect it, anyway. In all honesty, I was sympathetic to SBF when the news first broke that his exchange was having financial crisis but with what's emanating now I'm beginning to think that dude is a criminal. If truly there's a hack, he's more likely the arrowhead. To even think he was reported to have used investors funds for stocks which crashed and led to his exposure, and now this hack. Dude is not clean whichever way we want to look at it.

Help me understand the mindset here.  What makes an exchange "great"?  I could argue it's not great because... well, look at the situation you find yourself in.  But you seem to have developed an emotional attachment to this particular service.  How did that happen?  And if the funds were recovered, would you continue to use the service if you had the option?  I'm pretty sure you won't have the option, but hypothetically?  I just don't get it, personally.  

This news has spread all over the media and you are right in saying that we don't know the true cause of what happened. Maybe this is a hacker attack (and this is a coincidence with the moment of the collapse of the exchange. ha, I almost believed it), or maybe the owner or the project team is trying to hide part of the funds (I would have believed it more). Against this background, claims of malware in the app and website look like fake (to me) to scare users away and buy time to withdraw money from the exchange. Too many suspicious coincidences.

The bad thing is that the consequences of these events will reverberate throughout the crypto industry for a long time to come, as has happened more than once before. Have you already noticed the change in the price of btc?

"hacked" yea right...
The original hack was a backdoor implanted by SBF that allowed him to move funds from FTX to Alameda without affecting the balance sheet. Remember that South Park meme where a bank employee says "and it's gone"? That's exactly what was happening to the coins you were depositing on FTX for many months but nobody knew about it. SBF controlled all the funds and I hope he gets all his and his family's money taken away for this. Unfortunately it took the liquidators about 6 years to count and sell Mt Gox assets so if you had something stuck on FTX you'll maybe get it back in 2030.

At least we can learn on other people's mistakes. Once again Novogratz is proving to the world how dumb he is. First Luna tattoo and investing in Do Kwon who run away with the money, now he says he lost 5% of all his money on FTX.
Not your keys not your bitcoins.

from what im gathering..

FTX had a token called FTT which alameda had ALOT (multiple $billions of value) which meant that alameda also meant to have bank account fiat to back up those tokens

so although customers put fiat deposits into FTX exchange. the conversion to FTT token meant the bank account fiat moved to alemeda to back the token

however alameda is supposedly (the speculation rumour) used that bank account fiat for alameda/FTX business plans and not kept it as reserves for customers to back the FTT token

this is why CZ pulled out and sold his stake in FTX because CZ paid using the FTT token which CZ found to be now fractional reserved/lost its peg due to not having the fiat to back the token. due to FTX/alameda spending the reserves on other business plans

..
but thats a fight for the fiat stuff of bankruptcy legal bureaucracy. which seems to be leading to unlawful criminal charges.

to me the fiat losses and shuffling is just side drama of fiat society stuff..

i personally want to know about the crypto custodial/reserves SBF handled, and where over the years they have shuffled around, and where they are right now
where by i want to know how much some secret entity(SBF or a partner has secret retirement fund keys) might be holding a big bag of crypto away from authorities to throw around in later years,, which would affect the crypto markets/industries long after the bankruptcy criminal actions of fiat have blown away in the wind of history