US justice opens investigation into FTX hack

On the night of November 11-12, FTX, one of the largest centralized cryptocurrency exchanges, declared bankruptcy. We now learn that during this night, 400 million dollars were stolen from customer wallets. In the United States, justice has opened an investigation into the FTX hack, but already, experts suspect an employee of the exchange.

On Twitter, CoinDesk relays the information on the opening of an investigation by the American justice system into the theft that occurred at FTX

Hacking the day of his bankruptcy: unfortunate coincidence or the work of a vicious employee?

Could an FTX employee sensing difficult days have decided to make a reservation on the backs of customers? An investigation is open and the American justice intends to shed light on the case. But already, Coindesk We learn that experts have suggested that digital fingerprints left by the suspected hacker indicate internal theft.

The hack took place between November 11 and the early hours of November 12. Transfers were made from client wallets at the expense of FTX to other wallets. But employees said they did not recognize these transfers. Indeed, an hour after the start of the FTX hack, the platform’s General Counsel, Ryne Miller, tweeted that his company was “investigating anomalies in wallet movements”. On the official Telegram channel dedicated to customer support, he pinned a message that read: “FTX has been hacked. FTX apps are malware. Delete them. The chat is open. Do not go to the FTX site as you may download Trojans. »

It took until the afternoon of November 12 to see a reaction from FTX on its official Twitter account. At this time, CEO John Jay Ray III was confirming the reported FTX hack via Miller’s account.

Crypto hack at FTX: What about SBF?

Sam Bankman-Fried, founder and former CEO of FTX, is currently on trial for fraud. Indeed, he owes this trial to the fall of the exchange he created. But he has yet to be named in the FTX hack case.

According to Bloomberg, American justice succeeded in freezing part of the stolen funds. But blockchain experts are adamant this theft could only have been orchestrated by an FTX employee.

In short, since the bankruptcy of FTX, a day rarely passes without bad news concerning the exchange being unveiled. In the meantime, other platforms are already pulling out all the stops to rebuilding trust in the crypto industry.

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