Biggest crypto hack ever

biggest crypto hack ever

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In NovemberFTX, one to compromised credentials, such as evidence showed that the coins.

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Crypto shit show

Initial reasons for the coins' disappearance were unclear, but later evidence showed that the coins were stolen from the company's hot wallet. While many factors contributed to the collapse, the biggest mistake was the decision to commingle user assets with those of Alameda Research, a trading firm that was nominally separate from FTX. Our Changelog newsletter delivers our best work to your inbox every week. On 30th March, the network revealed that an attacker had stolen the private keys required to authenticate transactions, and had transferred , Ethereum and Soon after, it revealed that up to , Bitcoins had gone missing, presumed stolen.