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Ftx app hacked?

ftx app hacked , Bankrupt digital asset platform FTX has seen mysterious withdrawals of about $662 million in tokens. Over the past 24 hours, a fresh blow to the platform has caused widespread turmoil in the cryptocurrency market.

Miller said on Twitter that FTX is accelerating the process of moving digital assets to offline storage “to mitigate damage while verifying unauthorized transactions.”

Alex Svanevik, CEO of blockchain analytics firm Nansen Said: “It is not clear exactly who is doing these deals, but we don’t expect these back-to-back deals to happen at this time.”

John J Ray III was appointed as chief executive of the group. Following the resignation of Bankman-Fried, but the latter would aid in an orderly transition.

The week-long “saga” began with the faltering of FTX and an abandoned takeover deal by rival Binance. And reached Bitcoin and other tokens that are already struggling.

Citing sources, Reuters reported that FTX was scrambling to raise about $9.4 billion from investors and competitors, as the popular cryptocurrency exchange sought to save itself after massive customer withdrawals.

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The impasse is a quick setback for 30-year-old Bankman-Fried. A famous name in the cryptocurrency world. Whose fortune Forbes estimated at $17 billion just two months ago.

This comes, after the largest crypto exchange, Binance. Withdrew from the plan to save the company of the young crypto billionaire, Sam Pinkman Fried. FTX by acquiring the company and one of its sister companies associated with it. “Alameda”, at a price of one dollar per company, due to what it considered a crisis greater than Its ability.

Especially with regard to the size of the funding gap. As well as investigations being conducted by the US government to review the correctness of financial actions in client funds.

This turmoil prompted the collapse of the largest cryptocurrency “Bitcoin” to below 16 thousand dollars. For a moment before it recovered part of the losses to trade around the 16,200 level. As it lost 12.3% of its value in the last 24 hours, and 20% in the last 7 days.

The cryptocurrency linked to FTX, called the (FTT Token), fell more than 55% during the day yesterday, and about 90% in the last 7 days.

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