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FTX Suffers $400M Hack After Declaring Bankruptcy, Remaining Funds Moved to Cold Storage
be in crypto ^ | 11-12-22 | Oluwapelumi Adejumo and Kyle Baird

Posted on 11/12/2022 7:02:56 AM PST by dynachrome

The FTX Community Chat admin sent a message to the official Telegram group of the exchange stating that the bankrupt platform was hacked and all apps were malware.

The admin advised users to delete the app and not visit the website or open their mobile applications as they could end up with Trojans.

(Excerpt) Read more at beincrypto.com ...


TOPICS: Business/Economy; Computers/Internet; Humor
KEYWORDS: bankmanfried; bitcoin; cryptocurrency; ftx; hacked; sambankmanfried
Probably hacked by the owner, bankman-fried.
1 posted on 11/12/2022 7:02:56 AM PST by dynachrome
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To: dynachrome

When do they step on the bannana peel at the top of the stairs leading to the shark infested tank?


2 posted on 11/12/2022 7:05:04 AM PST by Wally_Kalbacken
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To: dynachrome

So this guy did in months what took Bernie Madoff decades?


3 posted on 11/12/2022 7:06:15 AM PST by nascarnation (Let's go Brandon!)
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To: dynachrome

No doubt, this fraud and some of his people probably wrote the trojan and got it distributed.

When everything crashed, all the remaining assets get drained off thru the hacks and the players all flee the country with hundreds of millions and everyone else gets screwed.

The thieves paid off the Democrats and will not be investigated or prosecuted, so far, it’s the perfect crime.


4 posted on 11/12/2022 7:07:30 AM PST by srmanuel (C)
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To: dynachrome

Probably not hacked. Just a way to make people go away and forget their losses. Way for the owner to get away with the money.


5 posted on 11/12/2022 7:09:07 AM PST by moviefan8 ( The proper function of man is to live, not to exist. - M in No Time To Die (2021)c)
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To: All

There are rumors Ukraine took the money we sent there and ‘invested’ it in FTX.


6 posted on 11/12/2022 7:16:54 AM PST by TigerClaws
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To: dynachrome

“cold storage”

What the heck is that? Did they copy the keys and wallets onto a usb drive?

Actually, anybody storing their crypto on an exchange is just waiting for somebody to steal it. It should be treated like gold locked up in a vault (your own) - don’t let anybody have access to it unless or until it is being converted/moved into something else like good old foldable cash.


7 posted on 11/12/2022 7:22:35 AM PST by glorgau
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To: dynachrome
FTX CEO private plane spotted heading to Argentina this morning.


8 posted on 11/12/2022 7:34:10 AM PST by mac_truck (aide toi et dieu t'aidera )
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To: mac_truck

Ha. I was just about to post that. What are the extradition laws there?


9 posted on 11/12/2022 7:43:07 AM PST by dynachrome (“We cannot save Ukraine by dooming the US economy.” Rand Paul)
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To: mac_truck

BRK plane into Nassau yesterday.

https://twitter.com/JordanJHODL/status/1591345691166904320?s=20&t=L1xNo1aBgAIBy5Rtk46jDg


10 posted on 11/12/2022 8:27:11 AM PST by ameribbean expat (The object of life is...to avoid finding oneself in the ranks of the insane. -Aurelius)
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To: dynachrome

Extradition treaty in place, but exceptions for natl security and social order. He’ll head for Ciudad del Este and disappear.


11 posted on 11/12/2022 8:30:13 AM PST by ameribbean expat (The object of life is...to avoid finding oneself in the ranks of the insane. -Aurelius)
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To: ameribbean expat

Sounds like a plan. Wonder where the money is stashed.


12 posted on 11/12/2022 8:32:07 AM PST by dynachrome (“We cannot save Ukraine by dooming the US economy.” Rand Paul)
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To: dynachrome

ROTFL!!


13 posted on 11/12/2022 8:39:16 AM PST by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: ameribbean expat

Buffet sending in a cleanup team?


14 posted on 11/12/2022 8:45:05 AM PST by dynachrome (“We cannot save Ukraine by dooming the US economy.” Rand Paul)
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To: mac_truck

That’s a long detour to Israel.


15 posted on 11/12/2022 9:58:29 AM PST by ruination
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To: dynachrome


16 posted on 11/12/2022 11:29:43 AM PST by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: glorgau

look at ledger.com for an example of an offline wallet


17 posted on 11/12/2022 2:42:30 PM PST by bobcat62
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To: dynachrome

Democrat party money laundering operation.


18 posted on 11/12/2022 3:49:01 PM PST by minnesota_bound (Need more money to buy everything now)
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To: nascarnation

I knew this was a democrat party money laundering operation!!

Now-Collapsed FTX Crypto Slush Fund Laundered Ukraine Donation Money to Democrat Candidates to Help Rig Midterms
https://americafirstreport.com/now-collapsed-ftx-crypto-slush-fund-laundered-ukraine-donation-money-to-democrat-candidates-to-help-rig-midterms/


19 posted on 11/12/2022 4:12:31 PM PST by minnesota_bound (Need more money to buy everything now)
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