We've heard of the alleged news on FTX's situation with it being hacked. I'm asking for some opinions so that the community can properly discuss what is normal, what is not- and if this truly just a FUD.

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1. About 11 hours ago, a Twitter account named CryptoHellspawn (CH) made a Twitter thread indicating what seems to be a dubious withdrawals from FTX wallets to allegedly Black market related account in Hydra Market.

LINK: https://twitter.com/CryptoHellspawn/status/1437447326780559366?s=20

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1. To understand the movements of BTCs from FTX to thousands of wallets, he made this GIF to simulate the trails.

LINK: https://gfycat.com/deliciousbabyishflea

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1. CH then merged the data related to 178 Wallets to make a visible, and simplified diagram.

LINK: https://twitter.com/CryptoHellspawn/status/1437469891251036168/photo/1

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https://preview.redd.it/vtyhz25b0en71.png?1309&format=png&auto=webp&s=96e59cc8b427e0a2ef9d14240899f486caf23405

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There were some replies to the thread suggesting several theories:

A. By Sam (SBF_FTX) on behalf of FTX to dispel the FUD- stating that FTX withdrawal processes involves combination of UTXOs; and that they generate new addresses with each withdrawal.

LINK: https://twitter.com/SBF_FTX/status/1437460791188467712?s=20

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Others, are saying thing such as:

B. Hedge fund money being moved in anticipation of margin calls.

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C. [By InspoCrypto] Highlighted the fact that USD 320 billion transaction volume for BTC in one day between Sep 10th and Sep 11th- claiming that this is out of the norm.

LINK: https://twitter.com/InspoCrypto/status/1437469108040343552/photo/1

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I am a simple investors who happens to be using FTX after Binance got restricted, but I'm very much interested to know what is happening. I'm pasting this thread so that other retail investors like me who are with minimum technical knowledge can understand the news, what's the official responses so far, and what we could be looking at.

What we have in this thread so far is;

1. The main Twitter thread that pointed out the irregularities.
2. Sam from FTX's statement.
3. Edit 2: FTX did something similar back in March, 2021.

The rest- we're gonna be watching this in real time. I have some coins in FTX, so, who knows- in the worst case scenario, I'll experience it in real time.

Edit 1: Thanks /u/NvidiaRTX for the recommendation to use Bitcoin Block Bot to check the transactions. You guys can check it here and see the movement. Would appreciate the insight of a technical person to point out what could possibly be happening?

LINK: https://twitter.com/BtcBlockBot

Edit 2: Similar situation happened back in March, 2021 when FTX rotated their wallet addresses, and transaction bots picked up the transaction as "Unusual Exchange Outflows."

LINK: https://twitter.com/SBF_FTX/status/1373861699602714626?s=20

https://preview.redd.it/p9kzi49i1fn71.png?591&format=png&auto=webp&s=340335571159449a3dfab5e7d1d36cc0bbd99c99

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