After a possible attack, FTX claims it is investigating "abnormal transactions."
Hundreds of millions of dollars worth of assets were taken when the crypto business filed for bankruptcy, according to experts.
Analysts said hundreds of millions of dollars worth of cryptocurrency assets had been removed while the exchange filed for bankruptcy, and now FTX is looking into suspicious transactions.
The alleged attack is FTX's latest setback after filing for bankruptcy in the US on Friday. FTX was the cryptocurrency empire once headed by 30-year-old entrepreneur Sam Bankman-Fried, and it was last valued at $32 billion.
Analysts calculated that withdrawals totalled more than $260 million. FTX has previously struggled to handle a spike in client redemptions due to worries about its financial stability and ties to Bankman-proprietary Fried's trading company, Alameda Research.
The creator tried in vain to raise billions of dollars to save the company due to the run by consumers.
Earlier this week, Binance, the largest cryptocurrency exchange in the world and run by Bankman-bitter Fried's competitor Changpeng Zhao, had been prepared to attempt to save FTX.
Due diligence revealed serious financial problems at FTX, which caused the transaction to fall through. Subsequent attempts to put together another rescue package also failed.
Ryne Miller, the business's general counsel in the US, claimed on Saturday that the firm was "investigating irregularities with wallet movements connected to consolidation of FTX balances across exchanges," according to a retweet from the official FTX Twitter account.
According to Nansen, a blockchain analytics company located in Singapore, outflows were believed to have totalled at least $266 million during the previous 24 hours, with $73 million coming from FTX US alone.
FTX has been hacked, according to an administrator on the Telegram support channel for the company. This raised suspicions of a possible attack. Don't visit the FTX website since it might download Trojans.
Bankman-Fried, who until this week was one of the most prominent and well-liked personalities in the cryptocurrency field and had an estimated net worth of $24 billion, resigned, prompting the investigation into anomalies.
John J. Ray, a restructuring expert who managed the bankruptcy proceedings of Enron and Nortel Networks, will take over for Bankman-Fried. FTX Group "has substantial assets that can only be efficiently handled in an organised, cooperative approach," Ray stated on Friday.
According to the company's bankruptcy petition in Delaware federal court, the huge conglomerate, which had positioned itself as a poster child for the cryptocurrency sector and promoted during the Super Bowl, has roughly 100,000 creditors and $10 billion to $50 billion in assets and liabilities.
Sequoia and Paradigm are two venture capital companies with significant exposure to FTX that recently listed their interests as zero.
According to a source with knowledge of the situation, SoftBank, another investor, is anticipated to follow suit by investing $100 million of its own money in the failing cryptocurrency exchange.
According to a person familiar with the situation, the US Securities and Exchange Commission is also looking into FTX, particularly the platform's bitcoin loan products and administration of using cash.
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