Collapsed cryptocurrency trading firm FTX confirmed there was “unauthorized access” to its accounts, hours after the company filed for Chapter 11 bankruptcy protection Friday.
NEW YORK - Collapsedconfirmed there was “unauthorized access” to its accounts, hours after the company filed for Chapter 11 bankruptcy protection Friday.is switching off the ability to trade or withdraw funds and taking steps to secure customers' assets, according to a tweet byis also coordinating with law enforcement and regulators, the company said.
A debate formed on social media about whether the exchange was hacked or a company insider had stolen funds, a possibility thatcrypto The company had valued its assets between $10 billion to $50 billion, and listed more than 130 affiliated companies around the world, according to its bankruptcy filing.
The timing and the extent of access that the assumed hacker appeared to achieve, siphoning money from multiple parts of the company, led Coppola and other analysts to theorize that it could have been an inside job.said Saturday that it's moving as many digital assets as can be identified to a new “cold wallet custodian,” which is essentially a way of storing assets offline without allowing remote control.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Collapsed crypto exchange FTX says it’s investigating ‘unauthorized transactions’Around $473 million worth of cryptoassets were “moved out of FTX wallets in suspicious circumstances”
Read more »
At least $1 billion of client funds missing at failed crypto firm FTX: SourcesAt least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter.
Read more »
At least $1 billion of client funds missing at failed crypto firm FTX: SourcesAt least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter.
Read more »
At least $1 billion of client funds missing at failed crypto firm FTX: SourcesAt least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter.
Read more »
Funds vanish at bankrupt crypto exchange FTX; probe underwayCollapsed cryptocurrency trading firm FTX confirmed there was 'unauthorized access' to its accounts, hours after the company filed for Chapter 11 bankruptcy protection Friday.
Read more »
FTX’s $380 million trail: An exploit to uncover or a final inside jobAbout $380 million flowed out of the FTX exchange due to a exploit or likely insider hack Exchange counsel said company is investigating proceedings FTX customers’ hope of getting their funds out might have finally hit a brick wall as emerging development showed that the exchange faced an exploit of $380 million. Without any clarification, FTX US […]
Read more »