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FTX Calls For Exchanges To Refund Claimed Unauthorized Funds

The funds received by debtors related to the collapsed exchange FTX on November 11, the date on which it filed for Chapter 11 bankruptcy protection, were deemed unauthorized by the exchange.

Unauthorized fund transfers from FTX Global are allegedly being routed to other exchanges using cryptocurrency wallets, according to the exchange.

Blockchain research company Chainalyasis warned exchanges to be on the lookout for funds stolen from the exchange. Neither the amount nor the exchanges receiving the funds were specified.

Previously, the hacker exchanged a significant amount of Ether to renBTC to perform the withdrawal.

Although there are still many rumors regarding the amount of money that is not actually hacked but only an internal transaction of the exchange, it still confirms that the money is no longer on the exchange. The identity of the person whose wallet address is labeled “FTX Accounts Drainer” has not been revealed.

And the exchange also called for the amount to be refunded for it.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.