Crypto exchange FTX "hacked" - all funds removed from site - link

[Alhena]

I used "hacked" in quotes, since company insiders absconding with the funds seems much more likely. Whoever did it, hundreds of million in dollars in crypto was stolen:

https://www.coindesk.com/business/2022/11/12/ftx-crypto-wallets-see-mysterious-late-night-outflows-totalling-more-than-380m/

[LonePirate]

1. Has there been a bigger financial scam than crypto in the past decade?

Between actual hacks, possible owner thefts like this one, pump and dump schemes, every unregulated activity imaginable and the lack of any government insurance and security, crypto investors have been little more than piggy banks to crack for the criminal crypto world.

[SheltieLover]

5. This!👆

[RockRaven]

2. Right. And the dog ate my homework.

[Qutzupalotl]

3. How can they tell?

I'm picturing a burglar opening an empty jewelry box and stuffing his pockets full of air.

[jmowreader]

4. You knew this was coming

https://www.theonion.com/crypto-confidence-soars-after-ceo-defrauds-customers-ju-1849773647?utm_campaign=TheOnion&utm_content=1668192819&utm_medium=SocialMarketing&utm_source=twitterom/crypto-confidence-soars-after-ceo-defrauds-customers-ju-1849773647

“Crypto confidence soars after CEO defrauds customers just like real bank.”

[TheFarseer]

6. How can anyone

still be investing in this? Then again, I guess that’s why prices have been collapsing.