Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Crypto Market Update on November 13, 2022, 04:03:23 PM
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The dramatic sequence of events in Sam Bankman's collapsing centralised exchange is not about to come to an end. Every day, new developments are reported in the markets, closing the door on one of the biggest exchanges in the world recovering.
Sam Bankman-Fried and FTX are having more issues as fresh cybercrimes are being reported utilising FTX's official application updates. The vast theft as a whole forces FTX users into yet another deep chasm. But what exactly is this theft about? And why would hackers attack a ship that is sinking?
This blog post will delve deeper into this theft and examine the hidden meanings of this peculiar incident.
For More info visit - [https://cryptomarketupdateglobal.blogspot.com/2022/11/ftx-exchange-outflow-of-600-million.html]
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FTX exchange is another confirmation that our money does not belong to us and that even the most "reliable" investments can turn into a pumpkin in an instant)
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In the business of cryptocurrency, nobody is worth trusting with. Even the so-called DeFi can still be subjected to hacks and inner manipulations. We are being lied to and deceived in this industry that is full of scams and frauds.
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As per Coinpedia, the Kraken team was able to identify the user because they hda used Kraken to offload the stolen funds throughout the hack. Incompetence of the hacker leads Budorin to conclude that an insider is behind rug pull or exit scam.
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Anything happening on the FTX exchange after the initial collapse could be a insiders issue, and I doubt the claimed hack. Everything about FTX exchange does look serious even as there were many evidence of betray of trust. There was no trust from the CEO, and I also think that the hack story might have been an insider compromise.
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Anything happening on the FTX exchange after the initial collapse could be a insiders issue, and I doubt the claimed hack. Everything about FTX exchange does look serious even as there were many evidence of betray of trust. There was no trust from the CEO, and I also think that the hack story might have been an insider compromise.
Even without looking at the details of this whole mess, it would be so easy to conclude that the hack was initiated from the inside out. Why? Of course, so they can be able to salvage any "money or assets" they can. All people involved with FTX should be purged from the industry and must never be trusted again most especially that scumbag named Sam Bankman Friend and his "hot" girlfriend Caroline Ellison.
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The gaming industry is undergoing a transformation right now — but you have probably noticed that already. After all, it’s hard to ignore the rise of crypto games, a term commonly used to refer to any game with a blockchain and crypto element to it. For instance, all those NFT and metaverse games based on the play-to-earn (P2E) model, such as Axie Infinity, Decentraland, etc.
#Pawsome #NFTMarketplace #NFT #foxcampaigns #qie #qiblockchain
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It looks like the end of the crypto industry has come, judging by the current cryptocurrency price dump, we are at the beginning of the winter cycle .. a lot of useful information and investment strategies on the site prifinance.com/en/
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I believe Sam Bankman-Fried did in fact steal from his own exchange FTX, and not some unknown black hat sat somewhere. Because the backdoor built into the exchange couldn’t have been exploited by others except him, at the crucial time the hack was activated
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It's been bad issue that will make the market dumps soonly.
FTX is one of the biggest exchange.
It will have bad effect to crypto currency market.
But we should keep calm, because there is another the biggest exhange still exist.
Binance is still reputable exchange
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With this incident,
We learn the risks of any exchange and now need to take need to take actions for avoid any kind of situation like this ,
First we need to split/divide our portfolio between 20 or more crypto currencies ,
Second is we need to collect our major funds in wallet a secure hardware wallet .
Third is to precautions need to protect your keys phrases , if hardware wallet then safe it from any theft ( because i have seen there are some ways that hardware wallets also hacked by devices ) .
With all the precautions the chances of losing crypto is 99% less, and any lose only depends upon because in decentralized field your are the owner our your own funds .
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I was also confident in the FTT token and bought it a little on drawdowns.... as a result, I could not withdraw my funds from the exchange, because our funds do not belong to us)
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Never heard of FTX hacked before, FTX hacked only after bankruptcy. According to the news of the market, there may be a hand of some employee of FTX, this is the subject of investigation and the investigation is also going on, but the investors have suffered losses and the market has also come into panic.
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This has SBF written all over it. I mean, why would an exchange under turmoil be hacked at the critical point it is being investigated for liquidity? And it was hacked by a backdoor built by none other than SBF himself. I don't think I would trust these guys again
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Exchanges like Binance have also been hacked. but the team can show transparency of information about it
currently FTX is bankrupt and I don't know what made it happen, after the chaos of LUNA and FTX, hopefully nothing else can lower the level of investor confidence.
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Who knows. Far as I'm concerned, only relevant CEX that I'm somewhat comfortable with is Binance (at this point)
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Exchanges like Binance have also been hacked. but the team can show transparency of information about it
currently FTX is bankrupt and I don't know what made it happen, after the chaos of LUNA and FTX, hopefully nothing else can lower the level of investor confidence.
Yeah, FTX issue will make bad effect for crypto.
But don't worry, I think it is temporary.
Because there are potential and reputable exchange such binance , kucoin etc.