FTX US’s wallets appear to be hacked, $600M leaving the exchange

Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by 0xbadc0de5 on Saturday November 12, 2022 @04:18AM (#33571496)

Patrick Boyle breaks down the situation with his usual eloquence and dry humor. Video is worth watching just for the chart of the corporate structure. https://youtu.be/zTFhnpf-IE0

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by photochemsyn on Saturday November 12, 2022 @08:13AM (#33572719)

Over 130 companies referenced in the bankruptcy filing, and 'around 77 companies' in that organizational chart! The first thought is that's an optimal structure for a money laundering outfit, as if those companies are constantly transferring funds from one to the other, dirty money can be fed in to that system and then get lost in the mix, coming out as fairly clean on the other end. See Nick Kochan, "The Washing Machine":

https://www.goodreads.com/en/book/show/21230193-the-washing-...

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by staindk on Saturday November 12, 2022 @08:54AM (#33573057)

Thanks for the link! Very good video indeed and I'll have to look into some more of his videos. Very funny and well presented.

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Re:FTX US’s wallets appear to be hacked, $600M leaving the e... by raziel414 on Saturday November 12, 2022 @10:47PM (#33579817)

That video is amazing. Thanks for sharing!

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