Kraken to Help Investigate FTX Unauthorised Cryptocurrency Withdrawals

Cryptocurrency exchange Kraken said it will assist in the investigation into a series of unauthorised withdrawals from some cryptocurrency wallets on FTX exchanges.

The attacker who made the withdrawals transferred some funds from the Kraken account to the wallet that held some of the stolen tokens on Saturday, blockchain security company Hacken.io said, citing transaction data.

Kraken chief security officer Nick Percoco said the exchange was able to identify the attacker by checking its platform for data on the original address.

We can confirm our team is aware of the identity of the account associated with the ongoing FTX hack, and we are committed to working with law enforcement to ensure they have everything they need to sufficiently investigate this matter,

a Kraken spokesperson said in a text to Bloomberg News.

Previously, FTX said in its official Telegram channel that it had been hacked, advising users not to access the official FTX website and to delete the exchange's app as they may contain trojans, after more than $600 million in cryptocurrency was withdrawn from the exchange.