FTX Experiencing Abnormal Activity; Mysterious 'FBS' Hacker Takes Credit
New York - Crypto exchange FTX is probing abnormalities in wallet transactions after more than $260 million of digital coins were withdrawn from the platform in the wake of the company’s bankruptcy. A hacker identifying as 'FBS' is taking credit for the actions. "Not so bankrupt now, am I!? 🖕" @notsbf twitter account, 9:39pm FTX’s Twitter account reposted a message from Ryne Miller, the general counsel of its US arm, saying the firm is “investigating abnormalities with wallet movements related to consolidation of ftx balances across exchanges. We are looking into legal action against the hacker known as Sam Bank— err, FBS” The past hour’s outflow is estimated to be an eye-popping minimum… read more 🏃♀️
FTX Not Bankrupt, 'Our Balance Sheet is Just Highly Decentralized'
London - Sam Bankman-Fried, the billionaire founder of crypto exchange FTX, sought to reassure crypto investors on Monday after a rival exchange, Binance, said it would liquidate its holdings of FTX's native token. The exchange was catapulted into a crisis after Changpeng “CZ” Zhao, founder of rival Binance Holdings Ltd., announced plans to sell some $530 million worth of FTX’s utility token FTT, citing “recent revelations.” Binance had received the tokens when it sold a stake in FTX last year. FTT plunged soon after. "A competitor is trying to go after us with false rumors," FTX's Bankman-Fried said in a series of tweets on Monday. "FTX is fine. Assets are fine. Our balance sheet is just… read more 🏃♀️