Collapsed FTX hit by rogue transactions, analysts saw over $600 million outflows

Published by
Reuters UK

By Summer Zhen, Vidya Ranganathan and Elizabeth Howcroft HONG KONG/SINGAPORE/LONDON (Reuters) – Crypto exchange FTX was engulfed in further chaos on Saturday when the company said it had detected unauthorized transactions and analysts flagged that millions of dollars of assets had been moved from the platform in “suspicious circumstances”. FTX filed for bankruptcy on Friday, one of the highest profile crypto blowups, after traders rushed to withdraw $6 billion from the platform in just 72 hours and rival exchange Binance abandoned a proposed rescue deal. At least $1 billion of customer funds h…

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