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Top News Bitcoin Ethereum becomes most deflationary in history as activity spikes amid FTX collapse 8 hours ago * 2 min read Ethereum FTX crash pushes Bitcoin to self-custody; Ethereum switched for stablecoins 24 hours ago * 2 min read Stablecoins Tether reportedly puts FTX's $46M in USDT on ice 2 days ago * 1 min read DeFi BNB surges 20% in 2 hours after news of Binance's planned acquisition of FTX, but plummeted later 4 days ago * 2 min read NFTs Square Enix joins Cross The Ages Metaverse as strategic investor 5 days ago * 2 min read Web3 Crypto markets rocked as stablecoin reserves deplete, Curve 3pool concentrated by USDT, 60k BTC leaves Binance, Alameda shorts USDT 2 days ago * 5 min read Popular Sectors * DeFi * NFTs * Play-to-Earn * Metaverse * DEX * Biggest Gainers * Biggest Losers * Stablecoins * Proof of Stake * Cosmos Ecosystem * Polkadot Ecosystem * Binance Ecosystem * Yield Farming * Proof of Work * Solana Ecosystem * Smart Contracts * Oracles Top News Sam Bankman-Fried's net worth fell 93% in 1 day, loses Billionaire status 4 days ago * 1 min read Sam Bankman-Fried's net worth fell 93% in 1 day, loses Billionaire statusSam Bankman-Fried's net worth fell 93% in 1 day, loses Billionaire status Bitcoin balance on FTX Exchange goes negative - Coinglass 4 days ago * 2 min read Bitcoin balance on FTX Exchange goes negative - CoinglassBitcoin balance on FTX Exchange goes negative - Coinglass Tom Brady, Gisele Bundchen's investment in FTX at risk following collapse 3 days ago * 2 min read Tom Brady, Gisele Bundchen's investment in FTX at risk following collapseTom Brady, Gisele Bundchen's investment in FTX at risk following collapse FTX hacker identity discovered by Kraken Exchange team 5 hours ago * 1 min read FTX hacker identity discovered by Kraken Exchange teamFTX hacker identity discovered by Kraken Exchange team Canada's third-largest pension fund invested in FTX at $32B valuation 4 days ago * 2 min read Canada's third-largest pension fund invested in FTX at $32B valuation Canada's third-largest pension fund invested in FTX at $32B valuation Solana postpones token unlock amid double-dip fears, developers unaffected 2 days ago * 2 min read Solana postpones token unlock amid double-dip fears, developers unaffectedSolana postpones token unlock amid double-dip fears, developers unaffected US Congressman says SEC's Gensler allegedly had dubious ties to FTX, promises investigation 1 day ago * 2 min read US Congressman says SEC's Gensler allegedly had dubious ties to FTX, promises investigationUS Congressman says SEC's Gensler allegedly had dubious ties to FTX, promises investigation Double dip expected as flood of unlocked Solana to hit the market 3 days ago * 2 min read Double dip expected as flood of unlocked Solana to hit the market Double dip expected as flood of unlocked Solana to hit the market Nearly $300M liquidated in 12 hours as market turns red 4 days ago * 1 min read Nearly $300M liquidated in 12 hours as market turns redNearly $300M liquidated in 12 hours as market turns red Crypto.com discloses partial reserves in bid to counter insolvency rumors 1 day ago * 2 min read Crypto.com discloses partial reserves in bid to counter insolvency rumorsCrypto.com discloses partial reserves in bid to counter insolvency rumors Topics * Academia * Adoption * Analysis * Banking * Blocklight * CBDCs * Censorship * Crime * Culture * DeFi * Derivatives * Earnings * Exchanges * GameFi * Hacks * Interviews * Investments * Layer2 * Legal * Lending * Macro * Memecoins * Merge * Metaverse * Mining * NFTs * Opinion * Partnerships * People * Politics * Press Releases * Privacy * Regulation * Research * Sports * Staking * Taxes * Trading * Wallets * Web3 Crypto News Bitcoin Ethereum becomes most deflationary in history as activity spikes amid FTX collapse 8 hours ago * 2 min read Ethereum Crypto.com discloses partial reserves in bid to counter insolvency rumors 1 day ago * 2 min read Tether Tether dollar peg sinks 1.7% as FTX-induced turmoil persists 2 days ago * 1 min read Cardano CryptoSlate Wrapped Daily: FTX's FTT on verge of potential sell-off after Binance liquidates FTT holdings 5 days ago * 5 min read XRP Coinbase argues SEC's XRP lawsuit caused $15B in losses for retail traders 2 weeks ago * 2 min read Solana Solana postpones token unlock amid double-dip fears, developers unaffected 2 days ago * 2 min read Dogecoin Nearly $300M liquidated in 12 hours as market turns red 4 days ago * 1 min read Polkadot CryptoSlate Wrapped Daily: Bitcoin volatility lower than Dow with another Fed rate hike of 75 basis points looming 3 weeks ago * 5 min read Avalanche Crypto trader exploits GMX, manipulates AVAX price to remove $565K 2 months ago * 2 min read Press Releases View All Submit PR > StreamCoin launches nonprofit 'Green NFTs' in partnership with One Tree PlantedStreamCoin launches nonprofit 'Green NFTs' in partnership with One Tree Planted StreamCoin launches nonprofit 'Green NFTs' in partnership with 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Get Started FTX hacker identity discovered by Kraken Exchange teamFTX hacker identity discovered by Kraken Exchange team FTX hacker identity discovered by Kraken Exchange team Josh O'Sullivan * 5 hours ago * 1 min read News > FTX > Kraken > Hacks FTX hacker identity discovered by Kraken Exchange team Kraken Exchange CSO, Nick Percoco, just announced via a tweet reply that the hackers identity has been discovered [josh-osull][svg] Josh O'Sullivan Nov. 12, 2022 at 3:42 pm UTC 1 min read Updated: November 12, 2022 at 3:44 pm FTX hacker identity discovered by Kraken Exchange team Cover art/illustration via CryptoSlate Share Tweet Post Share Post Email Nick Percoco, the CSO of Kraken Exchange, tweeted just an hour ago in response to Mario Nawfal that the Kraken team now knows the identity of the user that hacked FTX. We know the identity of the user. -- Nick Percoco (@c7five) November 12, 2022 Founder and CEO of IBCgroup.io, Mario Nawfal tweeted explaining that "the hacker is very likely an inexperienced insider." Community collective efforts Satoshi Stacker, the well-established Youtuber, and crypto/NFT proponent also weighed in on the situation -- explaining that "the FTX "Hacker" just funded his TRX wallet from Kraken. BREAKING: The FTX "Hacker" just funded his TRX wallet from Kraken. The same wallet that holds the stolen funds. This means Kraken should have enough information to track down this individual/Individuals together with law. If it's Sam this is basically him not caring. -- Satoshi Stacker (@StackerSatoshi) November 12, 2022 Having used Kraken throughout the hack to offload the stolen funds, Know-Your-Customer (KYC) details were clearly enough for the Kraken team to identify the user. Just keep digging CEO and Co-founder of Hacken.io, Dyma Budorin, complimented Tobias Silver - founder of just.money - on his deep dive of the FTX Tron accounts. Budorin determines that an "insider is behind [the FTX] rug pull / exit scam" as a result of the hacker's incompetency. TLDR: insider is behind @FTX_Official rug pull / exit scam Great thread that proves to me that #ftx #hack is an insider job: - too slow - stupid mistakes - kraken account involved - hacker would have acted earlier Great job @TobiasSilverJM to spot this https://t.co/h0PT8fBD9I -- Dyma Budorin (@buda_kyiv) November 12, 2022 Kraken will now likely be working together with law enforcement to track the identified individual. More to come as the story unfolds. [josh-osullivan-1][svg] Josh O'Sullivan Journalist at CryptoSlate Josh has been writing for a decade and is passionate about mainstream crypto adoption, bringing positive financial change to the masses through crypto and decentralized finance as a whole. Posted In: FTX, Kraken, Bear Market, Featured, Hacks, KYC, Legal, People, Scams Connect your wallet, trade with Orion Swap Widget. Directly from this Widget: the top CEXs + DEXs aggregated through Orion. No account, global access. Recent FTX Stories Galois Capital admits over 50% of its capital was locked up in FTX Galois Capital admits over 50% of its capital was locked up in FTX Galois Capital admits over 50% of its capital was locked up in FTX Josh O'Sullivan * 2 hours ago * 1 min read FTX hacker identity discovered by Kraken Exchange teamFTX hacker identity discovered by Kraken Exchange team FTX hacker identity discovered by Kraken Exchange team Josh O'Sullivan * 5 hours ago * 1 min read Was FTX hacked? Deep dive reveals "backdoor" built into accounting softwareWas FTX hacked? Deep dive reveals "backdoor" built into accounting software Was FTX hacked? Deep dive reveals "backdoor" built into accounting software Josh O'Sullivan * 8 hours ago * 2 min read Get an Edge on the Crypto Market Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis. On-chain analysis Price snapshots More context Join now for $19/month Explore all benefits Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies. In this article FTX TokenFTX Token FTX Token FTT (24h) $2.05914 -22.49% Vol: $376.13M MCap: $273.92M FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading. Learn more FTXFTX FTX Exchange Company in Caribbean FTX is a cryptocurrency derivatives exchange built by traders, for traders. Learn More Info Twitter LinkedIn KrakenKraken Kraken Exchange Company in North America Kraken is a San Francisco-based digital asset exchange in euro volume and liquidity that trades various currencies, including Canadian dollars, US dollars, British pounds, and Japanese yen. Learn More Info Twitter LinkedIn Top News 24H 7D 30D FTX hacker identity discovered by Kraken Exchange team Kraken Exchange CSO, Nick Percoco, just announced via a tweet reply that the hackers identity has been discovered 5 hours ago * 1 min read FTX hacker identity discovered by Kraken Exchange teamFTX hacker identity discovered by Kraken Exchange team Was FTX hacked? Deep dive reveals "backdoor" built into accounting software In the latter hours of Friday evening, FTX founder Sam Bankman-Fried secretly moved $10 billion in funds to Alameda trading firm via software "backdoor." 8 hours ago * 2 min read Was FTX hacked? Deep dive reveals "backdoor" built into accounting softwareWas FTX hacked? Deep dive reveals "backdoor" built into accounting software FTX crash pushes Bitcoin to self-custody; Ethereum switched for stablecoins Illiquid Bitcoin supply spiked over last week, while the top four stablecoin dominance beat Ethereum's. 24 hours ago * 2 min read FTX crash pushes Bitcoin to self-custody; Ethereum switched for stablecoinsFTX crash pushes Bitcoin to self-custody; Ethereum switched for stablecoins Ethereum becomes most deflationary in history as activity spikes amid FTX collapse Inflation has fallen to -0.032/year, according to Ultrasound money, suggesting that the network is currently burning more Ether than it is minting. 8 hours ago * 2 min read Ethereum becomes most deflationary in history as activity spikes amid FTX collapseEthereum becomes most deflationary in history as activity spikes amid FTX collapse Sam Bankman-Fried's net worth fell 93% in 1 day, loses Billionaire status SBF loss over $15B in one day according to data reviewed from the Bloomberg Terminal 4 days ago * 1 min read Sam Bankman-Fried's net worth fell 93% in 1 day, loses Billionaire statusSam Bankman-Fried's net worth fell 93% in 1 day, loses Billionaire status Bitcoin balance on FTX Exchange goes negative - Coinglass Coinglass data shows that FTX's BTC balance is now negative at -197.95 BTC after over 20K BTC left the exchange in the past 24hrs 4 days ago * 2 min read Bitcoin balance on FTX Exchange goes negative - CoinglassBitcoin balance on FTX Exchange goes negative - Coinglass FTX hacker identity discovered by Kraken Exchange team Kraken Exchange CSO, Nick Percoco, just announced via a tweet reply that the hackers identity has been discovered 5 hours ago * 1 min read FTX hacker identity discovered by Kraken Exchange teamFTX hacker identity discovered by Kraken Exchange team Tom Brady, Gisele Bundchen's investment in FTX at risk following collapse Tom Brady and Gisele Bundchen's investment in FTX may be at considerable risk following the exchange's collapse. 3 days ago * 2 min read Tom Brady, Gisele Bundchen's investment in FTX at risk following collapseTom Brady, Gisele Bundchen's investment in FTX at risk following collapse Sam Bankman-Fried's net worth fell 93% in 1 day, loses Billionaire status SBF loss over $15B in one day according to data reviewed from the Bloomberg Terminal 4 days ago * 1 min read Sam Bankman-Fried's net worth fell 93% in 1 day, loses Billionaire statusSam Bankman-Fried's net worth fell 93% in 1 day, loses Billionaire status Bitcoin balance on FTX Exchange goes negative - Coinglass Coinglass data shows that FTX's BTC balance is now negative at -197.95 BTC after over 20K BTC left the exchange in the past 24hrs 4 days ago * 2 min read Bitcoin balance on FTX Exchange goes negative - CoinglassBitcoin balance on FTX Exchange goes negative - Coinglass FTX hacker identity discovered by Kraken Exchange team Kraken Exchange CSO, Nick Percoco, just announced via a tweet reply that the hackers identity has been discovered 5 hours ago * 1 min read FTX hacker identity discovered by Kraken Exchange teamFTX hacker identity discovered by Kraken Exchange team Tom Brady, Gisele Bundchen's investment in FTX at risk following collapse Tom Brady and Gisele Bundchen's investment in FTX may be at considerable risk following the exchange's collapse. 3 days ago * 2 min read Tom Brady, Gisele Bundchen's investment in FTX at risk following collapseTom Brady, Gisele Bundchen's investment in FTX at risk following collapse Crypto Market Stats Market Cap $847.95B 24H Vol. $61.53B BTC Price $16,808 ETH Price $1,265 BTC Dom. 38.1% ETH Dom. 18.3% Top Sector (24H) Jobs (14%) Crypto + NFT Events IBW NFT Day 2022IBW NFT Day 2022 IBW NFT Day 2022 Nov 14, 2022 * Istanbul, Turkey IstanBlock 2022IstanBlock 2022 IstanBlock 2022 Nov 15, 2022 * Istanbul, Turkey Web3 Delight Abu DhabiWeb3 Delight Abu Dhabi Web3 Delight Abu Dhabi Nov 15, 2022 * Abu Dhabi, United Arab Emirates DCENTRAL Miami 2022DCENTRAL Miami 2022 DCENTRAL Miami 2022 Nov 28, 2022 * Miami, FL United States Latest Video Web3 World of Tanks inspired game Hit Factor aims for Esports adoption - SlateCast #29Web3 World of Tanks inspired game Hit Factor aims for Esports adoption - SlateCast #29 Web3 World of Tanks inspired game Hit Factor aims for Esports adoption - SlateCast #29 Hit Factor's Matt Reed and Dylan Servantes discuss why Web3 games are necessary and how War Park is changing the game. Monika Ghosh * 1 day ago * 32 min watch Press Releases StreamCoin launches nonprofit 'Green NFTs' in partnership with One Tree Planted News Desk * 5 hours ago StreamCoin launches nonprofit 'Green NFTs' in partnership with One Tree PlantedStreamCoin launches nonprofit 'Green NFTs' in partnership with One Tree Planted Gate.io Delivers Keynote on its Ecosystem at TOKEN2049 in London Chainwire * 1 day ago Gate.io Delivers Keynote on its Ecosystem at TOKEN2049 in London Gate.io Delivers Keynote on its Ecosystem at TOKEN2049 in London The web3 gaming company Kryptomon partners with Unstoppable Domains Chainwire * 1 day ago The web3 gaming company Kryptomon partners with Unstoppable Domains The web3 gaming company Kryptomon partners with Unstoppable Domains KADOKAWA GEMPAK STARZ releases GIRYPTO - A new open-source IP for Web5 (Web3 + Web2) - Beginning with GIRYPTO NFT project followed by other exciting projects News Desk * 2 days ago KADOKAWA GEMPAK STARZ releases GIRYPTO - A new open-source IP for Web5 (Web3 + Web2) - Beginning with GIRYPTO NFT project followed by other exciting projectsKADOKAWA GEMPAK STARZ releases GIRYPTO - A new open-source IP for Web5 (Web3 + Web2) - Beginning with GIRYPTO NFT project followed by other exciting projects View All PRs Submit PR Istanbul Blockchain WeekIstanbul Blockchain Week Got a story tip? 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