New FTX_Official CEO John Ray said the company is “in contact with, and are coordinating with law enforcement and relevant regulators” after last night’s hack. cheyenneligon reports
‘FTX Has Been Hacked’: Crypto Disaster Worsens as Exchange Sees Mysterious Outflows Exceeding $600M
After the hack began around 10 p.m. EST on Friday night, wallets appearing to belong to FTX began moving assets, which Miller said was the exchange taking “precautionary steps…to mitigate damage upon observing unauthorized transactions.” Ray confirmed Miller’s statement, adding that FTX is “in the process of removing trading and withdrawal functionality and moving as many digital assets as can be identified to a new cold wallet custodian.”
According to Ray, the company’s executives have been “in contact with, and are coordinating with law enforcement and relevant regulators” following the hack.
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