FTX Funds on the Move: Bankruptcy Proceedings, Insider Threat or Hack?
The wallet address in question received funds from various international and US-based wallets linked to FTX, which raised more 83,878.63 ETH (worth over $105.3 million) in just two hours.
![](https:// images.cointelegraph.com/images/1434_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvYzQ3NzMyNTktZmMwMS00YWZlLWFjMDMtYzZhMzExM2Y1MGNkLmpwZw==.jpg)
With all eyes on FTX, late-night fund transfers on a Friday night raised questions about the company's intentions. While some blockchain investigators saw this as the start of the bankruptcy process, speculation of ill intent or external hacking surfaced in the crypto ecosystem.
![FTX Funds on the Move: Bankruptcy Proceedings, Insider Threat or Hack?](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvYzQ3NzMyNTktZmMwMS00YWZlLWFjMDMtYzZhMzExM2Y1MGNkLmpwZw==.jpg?#)
The wallet address in question received funds from various international and US-based wallets linked to FTX, which raised more 83,878.63 ETH (worth over $105.3 million) in just two hours.
![](https:// images.cointelegraph.com/images/1434_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvYzQ3NzMyNTktZmMwMS00YWZlLWFjMDMtYzZhMzExM2Y1MGNkLmpwZw==.jpg)
With all eyes on FTX, late-night fund transfers on a Friday night raised questions about the company's intentions. While some blockchain investigators saw this as the start of the bankruptcy process, speculation of ill intent or external hacking surfaced in the crypto ecosystem.
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