The FTX Platform Has Lost $600 Million In Cryptocurrency After An Apparent Hack | Crypto Exchange

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The cryptocurrency exchange FTX reported Friday that a “hacking” incident had diverted hundreds of millions of dollars in assets. A company in a state of financial and reputational free fall, the once-reputable and heavily promoted cryptocurrency exchange was investigating irregular asset transfers on Friday after it was hit by a barrage of complaints from users.

As much as half a billion dollars may have been stolen, subsequent investigation revealed. Customers of the exchange began to complain on Twitter that their funds had disappeared late Friday. As of 11:52 p.m. Friday, the following message was posted on the exchange’s Telegram channel:

#mediakjwalavlog #ftx #cryptoexchange

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