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Friday, November 11, 2022 at 17:00 UTC

FTX

Mass outflow during bankruptcy; insider attribution suspected.

Partial
Funds stolen
$477.00M
Recovered
$100.00M21%
Still outstanding
$377.00M
Chain
Ethereum
Category
CEX
Attack vector
Private Key Compromise
Reported by
Chainalysis
Incident ID
h2022-7

Exploit & recovery timeline

  1. Nov 11, 2022 · 15:00 UTC
    Attack preparation

    Attacker wallets funded and staged ahead of the private key compromise exploit against FTX.

  2. Nov 11, 2022 · 17:00 UTC
    Exploit executed

    $477.0M drained from FTX on Ethereum via Private Key Compromise.

  3. Nov 11, 2022 · 18:00 UTC
    Detected by Chainalysis

    Chainalysis flagged the anomalous transactions and published an initial alert.

  4. Nov 11, 2022 · 21:00 UTC
    Protocol response

    FTX paused affected contracts or withdrawals and began tracing outbound flows.

  5. Nov 12, 2022 · 17:00 UTC
    Funds traced

    Stolen assets followed through mixers, bridges, and exchange deposit addresses.

  6. Nov 18, 2022 · 17:00 UTC
    Partial recovery

    $100.0M of $477.0M recovered (21%); the remainder is still unaccounted for.

  7. Dec 11, 2022 · 17:00 UTC
    Investigation continues

    Remaining funds monitored across chains with exchange partners notified.