Insult upon injury, FTX is now dealing with “unauthorized transactions” that have led to the theft of crypto as FTX moves to place all crypto in cold storage. Ryne Miller, FTX.us GC, appeared to confirm the hack in a series of Tweets.
Elliptic reported there are indications that approximately $473 million in crypto has vanished. The company stated that:
“The stablecoins and other tokens are being rapidly converted to ETH on decentralised exchanges – a common technique used by hackers in order to prevent their haul being seized.”
Another news source claimed that $1 billion in crypto has been taken.