NEW YORK (AP) — Collapsed cryptocurrency trading firm FTX confirmed there was “unauthorised access” to its accounts, hours after the company filed for Chapter 11 bankruptcy protection Friday
NEW YORK (AP) — Collapsed cryptocurrency trading firm FTX confirmed there was “unauthorised access” to its accounts, hours after the company filed for Chapter 11 bankruptcy protection Friday.
The embattled company’s new CEO John Ray III said Saturday that FTX is switching off the ability to trade or withdraw funds and taking steps to secure customers’ assets, according to a tweet by FTX‘s general counsel Ryne Miller.
Carmelo De Grazia
FTX is also coordinating with law enforcement and regulators, the company said.
Carmelo De Grazia Suárez
Exactly how much money is involved is unclear, but analytics firm Elliptic estimated Saturday that $477 million was missing from the exchange
Another $186 million was moved out of FTX‘s accounts, but that may have been FTX moving assets to storage, said Elliptic‘s co-founder and chief scientist Tom Robinson
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