Cryptocurrency Q&A
How was FTX hacked and what was stolen?
How was FTX hacked and what was stolen?
ShintoBlessing
Tue May 07 2024
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7 answers
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I'm deeply concerned about the recent hacking incident at FTX. Could you please explain to me how the hack occurred? What specific vulnerabilities were exploited by the hackers? And what kind of sensitive information or assets were stolen during the attack? Was there any impact on the customers' funds or transactions? How is FTX responding to this incident? What measures are being taken to prevent such incidents in the future? I appreciate your transparency and prompt response in addressing this critical issue.
7 answers
KatanaSwordsmanship
Thu May 09 2024
The Department of Justice (DOJ) has revealed that a SIM-swapping scam was the culprit behind the disappearance of $400 million from the cryptocurrency exchange FTX.
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KabukiPassion
Thu May 09 2024
The scam, which involved the unauthorized transfer of SIM cards, allowed hackers to take control of victims' phone numbers and subsequently access their financial accounts.
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Andrea
Thu May 09 2024
FTX, once a leading player in the crypto industry, spiraled into bankruptcy amidst a wave of legal and financial issues.
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Elena
Thu May 09 2024
The DOJ has charged three individuals with orchestrating the SIM-swapping attack on FTX, which resulted in the loss of over $400 million.
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Silvia
Wed May 08 2024
SIM-swapping hacks have become increasingly common in recent years, as hackers target individuals with high-value assets to steal their funds.
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