crypto exchange John Ray, the new CEO of FTXFTX and its US subsidiary, which filed for bankruptcy protection Friday FTX USwas hacked last night in an attack that drained hundreds of millions of dollars in cryptocurrencies from exchanges’ wallets.
Ray said that FTX and FTX US are making every effort to ensure the security of all assets, wherever they may be.
FTX CEO John Ray Confirms They Was Hacked Late At Night and Announces The Company Is Working With Law Enforcement
“We are making every effort to secure all assets of Ray, FTX US and FTX.com,” said Ryne Miller, FTX’s general counsel, in a statement posted on Twitter.
After the attack that began on Friday night, wallets that appeared to belong to FTX began to carry their assets. Miller said the exchange has taken forward-looking measures to mitigate losses upon observations of unauthorized transactions.
Confirming Miller’s statement, Ray added that FTX is “in the process of removing trading and withdrawal functions and moving as many digital assets as detectable to a new cold wallet escrow.”
According to Ray, company executives added that he was in contact and coordinated with law enforcement and relevant regulators after the hack.
After the recent events, Binance CEO CZ changed his cryptocurrency policy.
We had a policy of not commenting on competitors. “I’m going to change this policy a little bit and voice the issues I see in the industry more for the benefit of the crypto industry,” he said.
*Not investment advice.
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