Didn't think the FTX saga could get any worse? Well, it just did. Wayyyyy worse.
—the offline accounts that keep assets secure from hacking—in an attempt to stop any more funds from being transferred.it had recorded more than $701 million in various tokens leaving the crypto exchange’s coffers on Friday night. In its analysis, Elliptic assessed that some $515 million in assets may have been stolen, while another $186 million potentially represented the assets that FTX had transferred into cold storage.
The timing of this whole episode—less than 24 hours after the company filed for chapter 11 bankruptcy—immediately aroused the suspicions of people online—with many suggesting that this wasn’t a real “hacking” episode but some sort of attempt by FTX insiders to rip off clients and steal half a billion dollars. Some theorized that a small group of FTX CEO Sam Bankman-Fried’s “insiders” were behind the apparent theft.Veterinary Nutritionist-backed food—for your dog.
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