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FTX says it’s removing trading and withdrawals, moving digital assets to a cold wallet after a $477 million suspected hack
John Ray, FTX’s new CEO and chief restructuring officer, said the bankrupt crypto exchange is “in the process of removing trading and withdrawal functionality” and it is “moving as many digital assets as can be identified to a new cold wallet custodian,” according to a statement tweeted by the company’s general counsel, Ryne Miller. The announcement comes as the failed exchange investigates what it’s calling “unauthorized transactions” that began within hours of FTX filing for Chapter 11 bankruptcy protection in the U.S.The suspected hack was announced by an admin in FTX’s Telegram Channel, ... (full story)
