FTX hacker continues to plunder and FTT delisted

FTX hacker continues to plunder and FTT delisted 1

Last Updated on 43 mins by cryptoevent

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.

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.

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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