In a tweet early Saturday, FTX general counsel Ryne Miller said the company “initiated precautionary steps” and moved all its digital assets to cold storage, meaning the crypto wallet is no longer connected to the internet. This follows the announcement Friday that it filed for Chapter 11 bankruptcy. Elliptic said although the theft is unconfirmed, $473 million in crypto assets were apparently stolen from FTX.
” The facts are still unclear and the company will share more information as soon as possible, he added. The stablecoins and other missing tokens are being quickly converted to ether, the second-largest cryptocurrency after Bitcoin, on decentralized exchanges, Elliptic said. Elliptic said it is a common technique used by hackers to prevent their funds from being seized. FTX, until last week one of the most powerful players in the crypto industry, is experiencing a rapid collapse.
LindaVictor_ Check the bank accounts off shore for ALL of congress senate and whitehouse. You’ll find most of it
CNN Your coverage of FTX and Sam are a little light… Maybe get one of your better investigative reporters to do a little work here? $2-3B disappearing makes this noteworthy.
Hossein was transferred to the prison, his condition is very serious, so that the doctors said that he will not survive for another 5-6 days and he should be transferred to the hospital. Please be Hossein's voice. They intend to kill Hossein. mahsaamini hosseinronaghi
I knew this was inevitable.. Hype convincing people to invest billions of real dollars on invisible coins? Pyramid scheme for the elite. It's now 'dead'.. Hint the foreshadowing in the name 'CRYPTo'
Just in ... Sam Bankman-Fried now spotted at Orlando Magic game. SBF_FTX WhaleChart breakingnews ftx
The latest news is that President Biden's special plane, participating in the G20 in Indonesia, crashed on the return trip, and the US Pacific Fleet sent an aircraft carrier to the incident area for search and rescue. Please pay attention to relevant information
Only 473 mill? Really? 😂 😂
I don’t turn to cnn for news I reply on twitter spaces news times are changing!
This often happens with centralized cryptocurrency exchanges. So I always store my cryptocurrency in a decentralized wallet. This way my funds are always on the blockchain. No one can access my funds without my permission. Neither politicians nor hackers are allowed
Big democrat supporter
Any hard core investigating into who his Mom is and who his Dad is ? And which financial institutions helped and approved of and helpfund this company? DidnthenUkraine govt invest US Aid dollars into and then FTX contributed to Democrats. Worthy of a look see, eh?
🤣🤣🤣🤣🤣
It was sent to Ukraine as an aid package, so nothing to see here 😂
A fried bankman here
Check political party affiliations
Here is the only hack.... Biden gives billions to Ukraine, Ukraine puts it in FTX, Sam Bankman donates billions to the Democrats. This makes Nixon look like an altar boy
Now who would have ever thought this could happen? How? Something that’s not really there is now missing?
Blue Sky is stupid propaganda from the Democrats to distract people from Twitter after their disappointment in controlling the media, so they spread malicious rumors with black hearts!!
Where did it go?
i thought cryptocurrency couldn’t be stolen Well that’s the end of that!! so much corruption….seems like if u can’t fight em, join em…. sad but true
why is there no insurance🎮🦊
Defrauding a fraud can't be a fraud, can it?
Kleptocurrency!
This election is a rigged JOKE and cnn is part of the problem !
Wait until SECGov looks into GME Shit is going to make 2008 look like nothing.
You know who got the money
Wow. Money suspiciously missing from CRYPTOCURRENCY. Never could have imagined....
LaJethroJenkins
Cryptocurrency, the newest flimflam.
Renowned Iranian filmmakers Jafar Panahi and Mohammad Rasoulof, both of whom are jailed in Evin Prison, have expressed concern about the life of detained activist HosseinRonaghi, warning that he may suffer a cardiac arrest at any minute now.
Buh cruptu us guud bucus nu ivul rugulution luk bunks.
So glad I sold my crypto high. I made huge profits... but it was not worth the risk.
What a mystery🤷🏼♂️ look internal
FTX: Is the worse I have seen since Enron folded and all execs got arrested. If the execs knew what was going on with Ftx and how customers money was being funneled off they should all go down including SBF. Go find him in the Bahamas and extradite him back to the states.
HosseinRonaghi is one of the respected activists the Islamic Republic kidnapped in the early days of IranRevolution in order to minimise their influence. Like many others, he's been under torture and his health is deteriorating fast, as he's also on hunger strike. MahsaAmini
We were told today 1-2 Billion $ missing 💰💰❗
It was always destined to FAIL
this a UK Foreign Office's hahaha
امريکا ډیر ظالم هيواد دي پر غريب افغانستان کښې شل کاله بمباري چاپي حتی ده قومونو نورهم استعمال کړه او ډير مشهور ظلمونه وکړل ډير بي ديفا اومظلوم افغانان شهيدان کړل اوس شل کاله وروسته يې بيا ډيره غټه غلا ترېنه وکړه چي ده زوريدولو افغان ولس پيسې بندي کړي دي بينګونه په ټوله هيواد کښ
Bankman-Fried gave millions to Biden and the Democrats. He will walk free and this story will disappear.
Only 473 million, amateur🤣 Definitely not a trader. You left billions on the table and broke the law to do it.
Whoops
Who would hand over millions of dollars to a 25 year old? You kind of got what you deserve
Argentina
lol
FinPlanKaluAja1 can reconcile this with your opinion on cbn action?
Money under the bed safer
Woooo
Ironically CNN fully backed this Scam !!!!!!!
Never put my money into this bullshit.
Are people actually surprised?
AUDIT THE VOTE!
Caramelbelle 😳
Possible..so they don’t know?
Not a hack but a withdrawal.
Missing? Nah, just didn’t exist!
Just an unbelievable story. You have to figure they have stated of the art cyber security, and yet, someone walked in and stole $473 million.
Suckers
This is why I hate the idea of digital currency. Too easy to steal. At least with cash u risk a black eye or a bullet
Bwahahahaha Bwahahahaha Bwahahahaha
An unregulated Wild West currency loses value. Who would have thunk such a thing?
I'm just waiting on netflix to release a doccy on this one👍
The ‘stay poor forever’ crowd is going to be poor forever.
RAZZLEKAHN strikes again.
'Hack' 😂
Well, that's great...
This is halarious.
Sounds like get out of town and payoff money. Look, crypto is not backed by anything only worth what people are willing to pay. In the beginning it was worth $0. Absolutely nothing stopping it from being worth $0 tomorrow! I see a lot of fools chasing wooden nickels. Ticking bomb
Should be allowed to fail.
Allí se fueron esos $$$m de Presidente Bukele (El Salvador ahora es El Perdedor 🙄
Hacking is just a name FXT is using for inside job.
What's the name of that CEO that just quit?
Hack my arse.
“Hack”. Definitely not suspecting the owner who stands to lose his entire fortune 😉
It was never money? idk
Is this a hack, or a 'bug out' plan by shady management? 'Hack' is an easy scape goat.
No sympathy. Crypto is a scam and everyone who lost was warned
Once again showing crypto is a scam
i hope everyone understands that a crypto wallet can be hacked by a hacker and this whole concept was to make the rich richer. stop making babies and move out of america.
Jbams01 And the story gets better...
Missing? Wasn’t he using customer funds to make risky trades on Alameda?
It was a money laundering operation to give back to the Democrats.
And that's why I would never invest in crypto smh
eMLM having issues? Shocking.
I believe they’re in the Bahamas with the cretin who stole them.
The stablecoins and other missing tokens are being quickly converted to ether on decentralized exchanges .
Crypto, today's beanie babies. worthless
Good for crypto
Will CNN investigate?
Missing is means stolen 🤣.
In related news my NFT portfolio has sky-rock….ohhh shit
So surprising. I thought crypto was the new gold standard.
Hack?😂😂😂😂
Did Sam and his parents flee to israel yet?
Next on AmericanGreedTV
If anyone thinks this is a “hack”, then I have a bridge to sell you
'missing' is just another way of saying stolen.
Excellent
The 'bigger fool theory' in action.
Barbielynn01 Unregulated ponzi schemes
Pon·zi scheme /ˈpänzē ˌskēm/ --- a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.
Wait you’re telling me a new form of digital currency is vulnerable? Who’d of thunk it?
Shocking
I’ve never really understood the crypto thing very well, but by definition, wasn’t that money never really there? Everyone was just pretending there was value? Which is how money works? It’s only worth what the people using it are willing to trade for it?
Hurry! Check SBF_FTX’s suitcase.
Unless your money can be backed by something tangible, even if it's just a government entity that will replace it if it disappears, you shouldn't put your money into it. Crypto is a great idea, but it needs a more stable, tangible foundation.
Study and work hard that's the only way to get rich folks. Also networking helps you need contacts.
It's immoral to let a sucker keep his money - Canada Bill Jones
That loss is about what Twitter will cost the next owner once crypto enthusiast Musk is done with it.
SBF is going to Argentina to get to the bottom of it
this whole concept was a joke. i hope all the cash outs are repossessed like china did to the rich overseas.
Absolutely no one is surprised by this.
Crypto is the biggest scam in modern history. The transactional medium of choice for criminals worldwide. Governments should just ban it outright. Bring them all to zero.
Funny, this crypto thing. I keep repeating that it's not regulated. Regulation doesn't just mean putting the markers for its exchangebility rather it has to have a base to measure it with. There ought to exist an underlying asset. Otherwise, it's just an approved scam.
is there a law firm yet working with cyber investigators that can track and find these crypto thieves?
Bankman Fried investors for lunch 😋
How can a cryptocurrency company file for bankruptcy?
What I find truly funny, that people really and truly believed this was a good idea. Sad and tragic they lost money, but no different then any other scam happening on the internet or phone. There are always stupid people thinking they can make triple or more quickly
Gee…imagine that. There’s no such thing a “secure” cyber anything. It’s always just a matter of time
That is a lot. 🤔
I’m good, thanks for asking.
Liberal donor lol
That kid called SBF!
Can you file bankruptcy because you lost money buying fake currency?
Those darn Russians.
It went to Democrats.
CNN hasn't got the whole thing. It's billions 🤣
omg, we all know who stole the funds. Johah Hill from the upcoming Neflix movie everyone is waiting for in 2023.
'Missing'👀🤣
Wait until the see the $32billion that went missing last week 🤫
Lmaoo ftx is in shambles
“Hack”
“Missing” lol
What a surprise. The whole crypto thing is a scam
Whatever that means
He’s going straight to jail, he won’t collect $200
'Hack' should be in quotes here.
Another crypto pyramid scheme. You’d think people would learn by now
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