Hundreds of millions vanish from collapsed cryptocurrency giant
An estimated $662 million vanished from digital wallets at FTX since the cryptocurrency exchange filed for bankruptcy on Friday Read Full Article at RT.com
TroibNews 
An estimated $662 million in digital assets has reportedly been withdrawn from FTX in ‘unauthorized transactions’
Failing cryptocurrency exchange FTX has begun moving assets offline, after more than $600 million in tokens was allegedly pilfered from the digital wallets on its platform.
After filing for bankruptcy protection from creditors on Friday, FTX “initiated precautionary steps to move all digital assets to cold storage,” said Ryne Miller, general counsel for the firm’s US arm. “Process was expedited this evening to mitigate damage upon observing unauthorized transactions.”
However, considerable damage had already been done. According to an estimate by blockchain research firm Nansen, $662 million flowed out of FTX’s US and international exchanges. The firm’s main wallet, which was used to process withdrawals, was drained of its entire balance of 45.8 million FTT tokens, worth an estimated $97.2 million, Nansen said.
FTX's main wallet used to process withdrawals drained of it's entire FTT balance 1 hour ago
— Martin Lee | Nansen
45.8M FTT tokens withdrawn, ~$97.2M in value pic.twitter.com/rVNc8ayLxw
