Tesla CEO Elon Musk: ‘FTX Meltdown/Ransack Being Tracked in Real-Time on Twitter’

On Saturday (12 November 2022), it appears that hundreds of millions of dollars in crypto may have been illegitimately been taken from FTX’s wallets, and according to a notice on FTX’s official Telegram channel, the crypto exchange has been hacked.

Around 2:47 a.m. UTC, people started noting that “hundreds of millions of dollars” were leaving FTX wallets, but they could not tell if it was being done by hackers or by the appointed liquidators:

Recipient wallet here: https://t.co/gHaDOXBCOC

They seem to be moving everything pic.twitter.com/lFDgNgqukF

— foobar (@0xfoobar) November 12, 2022

At 4:08 a.m. UTC, FTX US’s General Counsel Ryne Miller tweeted:

https://twitter.com/Ryne_Miller/status/1591326796305530880?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1591326796305530880%7Ctwgr%5Ef3d575b598966b70e8c1d855ce31e3cd0d562a16%7Ctwcon%5Es1&ref_url=https%3A%2F%2Fwww.cryptoglobe.com%2Flatest%2F2022%2F11%2Ftesla-ceo-elon-musk-ftx-meltdown-ransack-being-tracked-in-real-time-on-twitter%2F

Messari Co-Founder Dan McArdle believes that the above tweet from Miller means that “they quickly put a prior plan to move coins into action once they saw stuff being siphoned off” (i.e. that Miller is talking about white hat rescue operation).

Around 4:59 a.m. UTC, it looks like the administrator of FTX Community Chat confirmed that FTX has been hacked:

If this hack is legit, The hacker may have had access to FTX keys for a long time, slowly withdrawing without raising any suspicions.

But today they decided to pull it all.

— 0xTre (@0xTre) November 12, 2022

At 6:14 a.m. UTC Musk announced:

FTX meltdown/ransack being tracked in real-time on Twitter

— Elon Musk (@elonmusk) November 12, 2022

Crypto analyst and influencer Lark Davis had this to say:

This #ftx hack has to be an inside job right? Too crazy that FTX, FTX US, and FTX App all got hit at the same time unless internal security was that terrible. #bitcoin #crypto

— Lark Davis (@TheCryptoLark) November 12, 2022

At 7:07 a.m. UTC, FTX US’s General Counsel provided the following update:

https://twitter.com/Ryne_Miller/status/1591326796305530880?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1591326796305530880%7Ctwgr%5Ef3d575b598966b70e8c1d855ce31e3cd0d562a16%7Ctwcon%5Es1&ref_url=https%3A%2F%2Fwww.cryptoglobe.com%2Flatest%2F2022%2F11%2Ftesla-ceo-elon-musk-ftx-meltdown-ransack-being-tracked-in-real-time-on-twitter%2F

As of 7:25 a.m. UTC on 12 November 2022), according to Etherscan, the FTX wallet drainer seems to be holding around 125,634 ETH (worth around $159.38 million):

FTX issued the following press release on Friday (11 November 2022) about FTX Group companies’ commencement of Voluntary Chapter 11 Proceedings in the United States:

Press Release pic.twitter.com/rgxq3QSBqm

— FTX (@FTX_Official) November 11, 2022

And on the same day, And here is how SBF announced the collapse of the FTX empire:

2) I'm really sorry, again, that we ended up here.

Hopefully things can find a way to recover. Hopefully this can bring some amount of transparency, trust, and governance to them.

Ultimately hopefully it can be better for customers.

— SBF (@SBF_FTX) November 11, 2022

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