FTX hacked after it filed for bankruptcy. Is it intentional? – Katoch Tubes
FTX Exchange hacked. Is it intentional?
FTX Exchange hacked. Is it intentional?
About FTX
About FTX
FTX is one of the leading cryptocurrency exchanges in the world. Infact, by volume FTX was the second largest exchange after Binance sometime back.
Founder of FTX
Founder of FTX
Sam Bankman-Fried is the founder of FTX. He's also the founder of Alameda Research, the investment arm of FTX.
The Bankruptcy
The Bankruptcy
Acc. to a statement released by Sam, FTX requires over $8 billion to overcome bankruptcy. It has filed for bankruptcy.
SEC investigation
SEC investigation
SEC has taken steps to investigate FTX for potential security violations, criminal activities or any sort of offense committed.
FTX Exchange hacked
FTX Exchange hacked
Admin of FTX Telegram group revealed that FTX was hacked today. There's no further update from the team.
A Strange Coincidence
A Strange Coincidence
This is quite a beleaguered situation. Sudden news of FTX hack sounds pretty much speculative. Though the sources confirmed it.
Is FTX defrauding its users?
Is FTX defrauding its users?
Likely Yes. It is revealed that FTX exchange has transferred user funds to Alameda Research to boost its investment portfolio
What's next?
What's next?
FTX is likely to dissolve and with it crypto markets will face an intense sell-off. User's funds aren't safe anymore after the hack which is done intentionally
Why Binance didn't buy FTX?
Why Binance didn't buy FTX?
Swipe up to learn why the deal failed to take-off.