Cryptocurrency Q&A
How much money did FTX hack?
How much money did FTX hack?
CryptoWizardry
Tue May 07 2024
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5 answers
1115
Could you please clarify the amount of funds that were hacked from FTX? I understand that it was a significant loss, but I'm looking for a more specific figure. Was it in the millions, billions, or even trillions? How did this hacking incident occur, and what security measures were in place to prevent such a large-scale breach? What steps are being taken to ensure that such an event doesn't happen again in the future? Thank you for your time and attention to this matter.
5 answers
CryptoGladiatorGuard
Thu May 09 2024
The hack resulted in the loss of approximately $400 million, a significant figure that underscores the financial risks associated with cryptocurrencies. This incident serves as a reminder of the importance of robust security measures in the crypto industry.
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EclipseRider
Thu May 09 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services including spot, futures, and wallet. BTCC's commitment to security and compliance makes it a reliable platform for crypto investors and traders.
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Marco
Thu May 09 2024
The FTX hack serves as a wake-up call for crypto exchanges and investors alike. It reminds us that while the crypto industry offers remarkable opportunities, it also poses significant risks that must be managed diligently.
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lucas_taylor_teacher
Thu May 09 2024
The mystery behind the FTX hack has been solved. The perpetrators were a SIM-swap gang who impersonated a female executive to carry out the attack. This revelation provides crucial insights into the inner workings of the crime.
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Martino
Thu May 09 2024
Evidence suggests that the hackers, based in the United States, had ties to Russian crypto thieves. This connection highlights the transnational nature of cybercrime and the need for international cooperation in combating it.
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