TechFlow News, November 12 — A large amount of FTX assets were transferred to the address 0x59ab....1fd32b and converted from USDT into the more decentralized DAI. Autism Capital tweeted that insiders at FTX may be attempting to abscond with funds. Currently, both FTX and FTX US wallets are affected and have been mixed together. The amount transferred is approximately $380 million. Some wallets have been labeled "fucksbf" and "fuckftxandsbf.eth," suggesting a possible hack. Prominent on-chain investigator ZachXBT stated, "Multiple former FTX employees have confirmed to me that they do not recognize these transfers totaling around $383 million."
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