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A hacker reportedly targeting FTX siphoned off over $450 million worth of crypto assets shortly after the exchange filed for bankruptcy. This attack came four days after the proverbial alarm for the first hack.
According to crypto analytics firm Certik, the hacker has continued to siphon assets from the exchange and take funds from wallets associated with both US-based and intent divisions of FTX. Currently, the wallet to which the hacker is sending funds contains over $62 million in crypto assets.
#CertiKSkynetAlert
Several @FTX_Official addresses, both US and international, continue to send assets to the FTX drainer address 0x59A…
Currently, FTX Drainer Address 0x59A… has approximately $62 million in assets. pic.twitter.com/LUIkoWYv4A
— CertiK Alert (@CertiKAlert) November 15, 2022
Over the past four days, the hacker has received and traded meme tokens, with almost 75% of them being sent to other addresses.
FTX token delisted from popular exchanges
This hack comes amid a flurry of cryptocurrency exchanges attempting to sever ties to FTX’s native token. Since the news erupted regarding FTX and Sam Bankman-Fried, platforms like Binance, BitMEX, Zipmex and KuCoin have announced that they will no longer list FTT pairings on their trading exchanges.
At #Binance, we conduct regular reviews of listed assets to ensure they meet our standards of protecting our users.
Based on our recent checks, we will be removing and ceasing trading on several $FTT trading pairs on 11/15/2022 at 04:30 UTC:
FTT/BNB
— Binance (@binance) November 14, 2022
Most exchanges have restricted the ability to trade FTT with others, but have kept withdrawals open to exchange the token for fiat in the meantime, allowing users to move their tokens first. However, buying FTT and trading other cryptos for the token has been halted to “protect users” – as Binance has been urged by popular crypto analyst Cevo.
Post-FTX hacker keeps looting and FTT delisted first appeared on Coin Insider.
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