CEO Confirms FTX Hack: These Altcoins Have Been Dumped!

Misfortunes do not leave the collapsed cryptocurrency exchange FTX. After filing for bankruptcy defense, the stock market was flooded with hundreds of millions of dollars. John Ray, the new CEO of FTX, confirmed the hack of the crypto exchange. He also said that the company works with law enforcement. Ray noted that FTX and FTX US ‘make every effort to secure all assets wherever they may be.

FTX’s new CEO John Ray confirms stock market hack After the collapse of FTX, the stock market was rocked by a hack. John Ray, the new CEO of crypto exchange FTX, filed for bankruptcy defense on Friday. After that, FTX and its US subsidiary, FTX US, suffered an attack last night draining hundreds of millions of dollars in crypto from exchanges’ wallets. Its new CEO, John Ray, confirmed this attack on Twitter on Saturday. He released a statement on Twitter through Ryne Miller, FTX’s general counsel. Ray said that “FTX US and continue to make every effort to ‘guarantee all assets wherever they are’.

After the hack started around 10 pm on Friday night, wallets that appeared to be related to FTX began carrying assets. Rayne Miller said the exchange was “taking precautionary steps to mitigate damage by observing unauthorized processes.” John Ray confirmed Miller’s statement. He added that FTX is “in the process of removing the trading and withdrawal functionality and moving as many identifiable digital assets to a new cold wallet custodian.” According to Ray, the company’s executives are “in contact and in compliance with law enforcement and relevant regulators” following the attack.

Attacker sells what he stole after FTX hack!

Yesterday morning, the FTX Community Chat administrator announced that the crashed FTX was hacked. Accordingly, he noted that the exchange’s applications were infected with malicious software. Therefore, it warned users to delete the app. As we reported, according to the on chain information, your funds were transferred from FTX. After that, it started to be sold through DEXs. The information shows that the address starting with 0x59ab sells UNI, stETH, 1INCH, WBTC, SUSHI, YFI and LDO. On the other hand, other tokens including PAXG, LINK, MATIC, AAVE, SNX, SHIB, and APE do not appear to be betting on the sale. In addition, $166 million worth of funds were transferred to the address starting with 0xd801, including FTT, SRM, MATIC, CHZ, DYDX, BAND, MANA, ENS, CEL, HT, GRT, GALA, CRV and other tokens.

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