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

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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:

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:

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

Crypto analyst and influencer Lark Davis had this to say:

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):

Source: Etherscan

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:

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

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