Topic: FTX has been hacked, delete the app, don't go to website - page 3. (Read 946 times)

As far as I know FTX and FTX.us are two separate exchanges and have different headquarters and different servers, it's no coincidence that both exchanges were hacked at the same time. Only the insider and I think the head, he is the one who holds all the assets of the company, only he has the ability to create an attack on his own company. He will have to receive retribution for sabotaging Luna and other projects before. CZ did the right thing.

To me it does. I think it's Sam that's behind all of this including the "hack" that happened like a day after he stepped down as CEO.


I don't know how many of you already know about this, but there's a rumor the CEO of Alameda Caroline Ellison (who was Sam's girlfriend) was given 10 bn USD by Sam and some of that money was used to attack other exchanges and tokens. The money was used to attack Binance futures exchange and also to crash LUNA. Each of these attacks costed them a lot of money which is why so much f the users funds is missing from the exchange.

IMO we got ourselves the greatest villain of crypto since Karpeles.

when it comes to crypto. crypto does not just disapear off blockchains. and so users that deposit crypto but dont swap it for non crypto(fiat/non blockchain tokens) their crypto should be reserved and held and returned 1:1
by users not being able to get back their crypto is bad and can involve unlawful/criminal reasons why those cryptos are gone

he could be speaking to them about giving evidence/proof of "hack" meaning he is a witness/victim giving evidence of an outside crime.. or the authorities could be looking at him as a suspect of insider fraud

we dont know yet so its speculation..

anyways
legally(contract/finance(punishment:fines/restrictions)
he sidestepped liability of personal bankruptcy and having to be limited in his future business practices by stepping back as CEO and putting a fall guy in when filing bankruptcy. (captain did not go down with the ship)

however
lawfully(criminal(punishment: probation/prison))
he could be done for fraud or theft if authorities can prove he wronged his customers outside of the terms/conditions of user agreements and where he crossed the lines of tax law or accounting law

i never seen him as altruistic. he was a liquidator. yes for a 30yo he had a savvi business mind about some of the loopholes and methods to gain assets
even things like saying "dont use the app, dont use the site" is savvi way to stop a bank run by getting users to not go to the site (if there was no real hack but just insider shuffling of assets)
...

many businesses think if they throw in the word "investment company" they can get away with users losing their value. but this is about the exchange market orders of the users swapping at bad value and not able to trade back later at better value. where the market is not at fault for users decisions to trade badly

however as a custodian (holder) of users assets not traded. those assets  should not have moved/lost.

I don't believe almost everything I read on social media because they are heresies, they are not worth acting upon decisively. So the OP is telling me that FTX could have let down its guard as totally as this, and would not be able to reclaim its site and apps again to the extent that all money is gone? To where? Such has never happened before to such a big company before, the worse is for the hackers to steal a certain amount, that's all.

This is yet another social media nonsense, which is why I only rely on what I read from reliable news outlets.

Good point. Thinking of it, they could even frame another FTX employee that they know has Kraken account and has access to everything needed, which would make him an obvious target.

doesn't this sound like a deliberate hack by an FTX insider? and they told me to delete the app and then run away. however, this hack sounds too coincidental. The news is currently circulating on social media.
they now look like criminals.

Remember that the person/people who pulled off this inside job had access to everything belonging to FTX - wallets, private keys, servers, websites, apps, source code, the lot. They would certainly have had access to transaction histories, and so could simply have picked the Kraken account of an unsuspecting FTX user to send some of the stolen funds to in order to throw people off the scent. And they could well have also had access to FTX's collected KYC data, meaning they could have used that data at any time in the past to open a Kraken account in someone else's name. Or they could just have bought some of the many many users' KYC data which is up for sale on the darknet.

It's too early to assume that whomever this Kraken account belongs to is the main culprit or indeed is actually involved at all.

In an industry that has become synonymous with scams and hacking, this latest FTX hacking incident is not anymore a big surprise to me and can even be just its natural progression as everybody on the FTX ship have been jumping from the platform. They decided that why not take some assets that they can salvaged but because the platform is now closed so nobody can be making any withdrawal the best option is to hack it from the inside out. I am looking forward for a more dramatic legal battle ahead to recover some of the hacked funds and to make those people responsible with this big mess accountable with the law. We don't need special laws to cover what SBF and his minions did...laws on stealing can easily take them.

I heard the news and saw that over three million dollars had been taken from it. But I believe millions and nine billion dollars have been taken out of there. But I'll hold their team management to account here. Maybe they did this politics not to be here. Due to which all the members of this team have removed all the money together. But please delete the app and website account very quickly. If there is money taken, remove it quickly and stay in save position.

In the face of this blackout about what happened, the incident caused a general state of panic among users, and they actually started asking questions about the integrity of trading platforms in general. There are many parties that publish information about Binance's relationship with what happened, and that it, too, can go bankrupt overnight.
The sharp decline in cryptocurrency prices further confirms these concerns among users.

Good call, I deleted it 2 days ago too. It's a shame what happened to this company, but that's normal if it's operated by clowns.

Just as I have always said, there is no hack without the aid of an insider who will leave the back end open for access, this one will not be different from all the previous incidents of exchange hacking in history, but just as we are advised to stay away from the site for now and also delete all softer that can connect your device to the exchange. I know when investigations are concluded the real fact will emerge and we can see the true picture of what transpired and how much is lost to this hack until then we can only feed on the assumptions of other speculators.

He's a person who have been donating a big part to the needy people. He lived simple lifestyle living in a shared appartment. He's portrayed as one among the best person in the cryptospace for what he have done to the community. Now this have changed completely and people are feeling bad. More than $600 million worth cryptocurrency have got hacked and transferred. No one is clear about the incident that happened with FTX.

I am still very confused why all these are happening ow that the exchange is I'm some shits. We can blame anyone now about the hack since we don't know how this started and how it will end. This is a great exchange and I think this news is really annoying and heart broken for the investors that has fund in the platform.
I still hope that all funds will be recovered if possible because this is one of the most annoying part when we talk about crypto exchanges and how they could be of importance when purchasing crypto.

I'm responding to the FTX story like it's a new drama from the owner of the FTX marketplace.
so I think the FTX market is making plays as if all the funds in it have been attacked by hackers.
Although everyone doesn't know for sure, stories like this date back to ancient times.

if indeed the FTX market was hit by a hacker attack why is it only now after the debate between binance and FTX? and I think this was all planned by the SBF

People on twitter are saying that Sam has been spotted speaking with authorities as of a couple hours ago. It seems like he may actually end up in jail. When you think about how he was donating so much money now it doesn’t make him seem like such a great guy. I don’t know what laws he broke exactly, but losing billions of dollars of other people’s money doesn’t make him seem as altruistic as he was being presented a few weeks ago.

Thanks for this information @OP, the FTX saga is one that have really shook the entire crypto community and market alike, and one that will go down in history and stay in people's lips for a considerable period of time.
I saw this news of the hack this morning and indeed, my hearts goes out to everyone out there that has been a victim of all this bruhaha in the industry.
In the end of it all, the only winners are those who keep to the golden rule of "not your keys, not your crypto"

this is another hard lesson for users who are storing their coins to crypto-exchanges. i can understand the trust given to this once a big exchange, but no matter what the reputation of the trading platform, better secure your funds in your own wallet.
most of us in this crypto market got a surprise when we read the news that binance is about to acquire ftx. we haven't seen this coming. but binance saw the trouble that ftx was in, and so they walked away from their initial offer.
this hack has high possibility that it is an inside job. trying to get money as much as they can.

This is really crazy, first my funds which were shown on the app obviously become non-existent and now you can't even access the application to see those funds because probably it has been hacked, which is very obvious as most of the tech team and cyber security team might also have resigned. I have read tweets that people are even suspecting that SBF has himself taken the funds and has fled to some safe haven to make sure he can't be caught. I am just thinking of the users here, it was such a big exchange a lot of people must have had their accounts on it, some people might even be having their life savings on it.