In the midst of the FTX meltdown, the once 2nd largest exchange appears to also be facing one of the largest crypto hacks of all times with more than $600M of various Ethereum tokens, Solana and Binance Smart Chain tokens being moved from FTX’s official wallets to decentralized exchanges like 1inch.

FTX official Telegram channel confirmed the hack with the message “FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don’t go on FTX site as it might download Trojans,”

Considering the timing, the speculations abound of an insider fraud, rather than a hack.

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