It’s been two weeks since the Bahamas-based crypto exchange, FTX filed for bankruptcy. Along with the news of the bankruptcy came details about suspicious transactions. In the aftermath of FTX’s collapse, the crypto market was exposed to levels of fear and uncertainty that weren’t seen even during the Terra debacle. Furthermore, Crypto Twitter has been […]
that they had assumed control of FTX’s assets following the transfer. All this, without specifying the exact amount that was seized.
The lack of clarity regarding the identity of the hacker, paired with confusion stemming from Kraken claiming that they had identified the hacker, created the perfect environment for bad actors to exploit this opportunity.that FTX had used Kraken since the FTX hot wallet was out of TRON which was needed for the gas fees.
As far as the rumors about the hacker trading memecoins like ‘FTX Sucks’ and CRO go, the crypto sleuth believed that the Etherscan screenshots that showed token transfers were spoofed.Ethereum co-founder Vitalik Buterin weighed in on the current climate in the crypto market following FTX’s collapse. Buterin toldthat this tragic event highlighted the lack of transparency in centralized crypto exchanges.
“Many in the Ethereum community also see the situation as a validation of things they believed in all along: centralized anything is by default suspect.” Buterin further stated that despite the turmoil caused by FTX’s meltdown, decentralized finance protocols have worked “flawlessly.”Subscribe to get it daily in your inbox.
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