FTX Hack; FTT Drops By 36%

2022-11-12T15:24:19+5:30

FTX General Counsel Ryne Miller On FTX Hack

FTX general counsel Ryne Miller contradicts from his earlier statement.

Following the Chapter 11 bankruptcy filings – FTX US and FTX [dot] com initiated precautionary steps to move all digital assets to cold storage. Process was expedited this evening – to mitigate damage upon observing unauthorized transactions.

— Ryne Miller (@_Ryne_Miller) November 12, 2022

2022-11-12T13:01:20+5:30

Tether Blacklists FTX Exploiter’s USDT

Tether has started blacklisting USDT related to the FTX attacker. Almost $3.9 million USDT on AVAX and $27.5 million USDT on SOL of the FTX attacker’s has been blacklisted by Tether.

2022-11-12T12:48:35+5:30

FTX Reportedly Hacked For $600 Million

Crypto exchange FTX has reportedly been hacked for almost $600 million, with FTX Community chat admin confirming the hack. FTX US General Counsel Ryne Miller is “Investigating abnormalities with wallet movements related to consolidation of FTX balances across exchanges.”

2022-11-12T12:10:00+5:30

FTX Token Price Drops By 36%

The FTX Token on a constant decline after Binance’s CEO, CZ made a crucial announcement regarding the FTX crypto exchange.
FTX token (FTT) price has dropped by another 36% in the last 24 hours. FTT is trading at an average price of $2.01, at the press time.

2022-11-12T11:30:00+5:30

Crypto Market Slumps By 3%

The global cryptocurrency market registered a decline of more than 3% after witnessing a broad recovery on Friday. The cumulative market now stands at $839 billion.

Ther24 hour trading vol declined by over 34.3% to stand at $91 billion