Cryptocurrency exchange FTX has seen millions of funds flowing out of FTX wallets.

Roughly $600 million in abnormal transfers were reported within hours, with some withdrawals switching from Tether to the DAI stablecoin.

According to reports, withdrawal also affects:

Solana Coin, Steth, BNB, LINK, AVAX, MATIC and other digital currencies.

The exploiter exchanges all crypto assets to DAI and ETH, which cannot be frozen.

An FTX Group official posted a message on Telegram:

FTX is hacked.

FTX has become malware.

He urged users to delete the app and advised them not to access the FTX website as it may download Trojans.

$600 million worth of outflows from FTX wallets:

Large amounts of money started moving from US FTX and FTX wallets to one wallet suddenly on November 12, which is suspected to be the start of the bankruptcy process.

Existing data and reports later indicated that FTX wallets were hacked and exploiters took inside help to gain access to full control of the platform.

FTX General Counsel Rowen Miller said Tweet it Has the effect of:

Investigating anomalies in portfolio movements related to consolidation of FTX balances is not really clear because other movements are not clear.

We will share more information as we get it.

Data indicates that funds are transferred from FTX and sold through decentralized exchanges.

Currently, UNI, stETH, 1INCH, WBTC, SUSHI, YFI, and LDO are sold with titles starting at 0x59ab.

Other cryptocurrencies still running include PAXG, LINK, MATIC, AAVE, SNX, SHIB and APE.

Additionally, FTX transferred $166 million to addresses starting with 0xd801, including SRM, MATIC, CHZ, DYDX, BAND, MANA, ENS, CEL, HT, GRT, GALA, CRV and other cryptocurrencies.

At the same time, many FTX users reported seeing zero balances in their wallets on FTX.com and FTX US.

FTX files for bankruptcy:

Crypto exchange FTX has already filed for Chapter 11 bankruptcy.

Sam Bankman-Fried resigned as CEO and replaced restructuring expert John J. Ray as the new CEO.

John J. Ray, CEO of FTX, has announced consultants Alvarez & Marcel and law firm Sullivan & Cromwell as advisors for the restructuring of FTX.

The cryptocurrency market is under pressure as the total market capitalization has fallen by more than 3% in the last 24 hours.

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