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ID:

ftx-1295

Date:

Status:

Incident Count:

November 11, 2022

Verified

4

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REKT

Contributor:

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web3rekt.com

KYC By:

KYC:

None

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Audit By:

Audits:

None

Loss Amount:

477,000,000

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Recovered:

-

Rewards:

Ticker:

USD, ETH, USDT, SOL

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Over $477 million so far flow out from FTX wallets into this reported heist address 0x59ABf3837Fa962d6853b4Cc0a19513AA031fd32b (ETH and BSC). Some withdrawals are being swapped from Tether to DAI at massive slippage. Solana side lost around $90m and was bridged into Wormhole to ETH. Tether has blacklisted some $31 million of USDT as well.

According to ZachXBT, whitehats (0xd8019a114e86ad41d71a3eeb6620b19dd166a969 and 0x97f991971a37D4Ca58064e6a98FC563F03A71E5c) may have been involved saving ~$186 million That can be observed at https://etherscan.io/address/0x97f991971a37d4ca58064e6a98fc563f03a71e5c.

Root cause is not known at the moment but suspecting either malware on FTX app or insider related.

Updated 11/18: Additional data has come to light that this action may possibly be taken by Bahamian government to seize the asset as part of fight over the control of the bankrupcy -- https://www.marketwatch.com/story/supposed-477-million-ftx-hack-was-actually-a-bahamian-government-asset-seizure-11668782216. (11/20) However, zachXBT does not agree - https://twitter.com/zachxbt/status/1594353588872044549

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