$473m hack as FTX collapses into administration

Cryptocurrency exchange FTX lost hundreds of millions of dollars in a hack as it entered administration. General counsel Ryne Miller said on Saturday it was “investigating abnormalities with wallet movements related to consolidation of FTX balances across exchanges”. Blockchain forensics firm Elliptic put the estimated amount stolen at $473 million. Tether said it had frozen … Continue reading $473m hack as FTX collapses into administration