Hundreds of millions of dollars are now flowing out of FTX wallets, some speculate liquidators but it's late on a friday night, not typical times for such rapid heavy movements. Some withdrawals are being swapped from Tether to DAI. Hack or insider actions? $26 million here https://t.co/8wWlaE7na9

Recipient wallet here: https://etherscan.io/address/0x59abf3837fa962d6853b4cc0a19513aa031fd32b#tokentxns

They seem to be moving everything https://t.co/lFDgNgqukF

After swapping USDT for DAI (more censorship-resistant?), they just swapped $44 million of stETH for ETH, eating huge slippage. This is super sketchy, no liquidator would be taking actions like this https://t.co/QRjKEN4g9T

somebody sent an onchain message to the recipient account with 4byte selector `0x3d24a1ff`, which is the hash of function name "Rug Pull All"

great stuff https://t.co/3w3rOaRTAJ

Here's the debank profile to get a birdseye view of all the assets: https://debank.com/profile/0x59abf3837fa962d6853b4cc0a19513aa031fd32b https://t.co/lq8upGG4ug

Love my followers, this site is worth $8 https://t.co/GGGDSjXXjc

Also getting hit hard on the Solana side, $90 million flowing into a fresh wallet there https://t.co/B7HRf0Lv3l

Thousands of Wormhole ETH is getting bridged from Solana into the Ethereum wallet now https://t.co/01KpKVAUGr

They're now using a second address for the shitcoins

smaller in number but the withdrawals continue flowing

https://etherscan.io/address/0xd8019a114e86ad41d71a3eeb6620b19dd166a969#tokentxns https://t.co/bqUN3pizrL

General counsel @_Ryne_Miller says he doesn't know why the funds are moving. If part of a liquidation order, he would definitely be clued in. Must be malicious, the question is then whether it's an inside or outside job. Not great https://t.co/QsgKnwYlH6

@_Ryne_Miller App update confirmed, likely malicious to seek root access to further private keys. Delete it asap. Don't touch the website. Probably a compromised dev account. https://t.co/Aidt474hiC

@_Ryne_Miller FTX just pinned this message in their main telegram chat https://t.co/8uCl4wJtvT

@_Ryne_Miller Now funds are being pooled in a multisig at 0x97f991971a37D4Ca58064e6a98FC563F03A71E5c https://t.co/25yNnYkdg9

@_Ryne_Miller Fun fact: FTX appointed the Enron liquidator as the CEO replacement for SBF

Another fun fact: "built by traders, for traders" was the tagline for both companies https://t.co/MeIYLcjwk9

@_Ryne_Miller Don't worry, sam has the whole thing under control https://t.co/K1ea3iMryo