Hundreds of Millions of Dollars Drained From FTX Overnight in ‘Unauthorized’ Transfers

[Google News Bot]

FTX wallets were on the move late on Friday night, the same day that FTX and its related companies filed for Chapter 11 bankruptcy. And it looked too soon, too late at night, and too sophisticated for the actions to be attributed to liquidators. Several wallets allegedly belonging to FTX were drained of hundreds of millions of dollars in coins, with funds being transferred from Tether (USDT) into stablecoin DAI and from staked Ethereum (stETH) into Ethereum (ETH). The exodus totals around $650 million according to an estimate by blockchain sleuth ZachXBT. BlackHat seems like 0x59 & 6se ...

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