Cryptocurrency Q&A
Was FTX really hacked?
Was FTX really hacked?
SsamziegangSerenadeMelodyHarmonySoul
Tue May 07 2024
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7 answers
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Was FTX really hacked?" This question has been on the lips of many in the cryptocurrency community since the collapse of the once-giant exchange. The rumors and speculation are flying, but what's the truth? Was it really an external attack, or was it something else? Was it a case of poor security, or was it a more complex scheme? The answers to these questions are crucial, not only for those who lost money in the collapse, but for the entire crypto industry. After all, if FTX fell victim to a sophisticated hack, it raises serious questions about the security of other exchanges. Conversely, if it was something else, it might indicate a deeper problem within the industry that needs to be addressed. So, was FTX really hacked? Or is there another story behind the curtain?
7 answers
Maria
Thu May 09 2024
The unidentified hacker stole a whopping $477 million from the exchange, just as it was collapsing into bankruptcy.
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Dario
Thu May 09 2024
The thief attempted to launder the stolen funds quickly, using decentralized exchanges (DEXs), cross-chain bridges, and mixers.
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SumoPride
Thu May 09 2024
However, their efforts were not entirely successful as they lost $94 million in the days following the hack.
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Raffaele
Thu May 09 2024
This incident highlighted the vulnerabilities of cryptocurrency exchanges and the need for robust security measures.
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JamesBrown
Thu May 09 2024
In November 2022, a major cryptocurrency exchange named FTX suffered a devastating hack.
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