FTX has confirmed the attack.
The exchange stated that there was “unauthorized access” to the crypto it was holding.
FTX Attacked by Hackers
John Ray, CEO of the company, said:
“We are in the process of removing the trade and withdrawal functionality and moving as many identifiable digital assets to a new cold wallet protector. As in the news, there has been unauthorized access to certain assets.”
Ray said his company coordinates with law enforcement and regulators. The announcement came after reports that user funds were hacked, including large on-chain funds movements from FTX wallets.
The crypto exchange announced that it went bankrupt the other day. Many users were deprived of their funds due to bankruptcy. Investors are very worried about whether they can get their funds back.
Ray had replaced Sam Bankman-Fried, who announced his resignation the other day.
FTX continues to have terrible days. The stock market, which faced a liquidity crisis at the beginning of last week, requested help from Binance, but did not get the answer it expected after the examination of the financial reports. Binance said they tried hard, but FTX’s situation was beyond their capabilities.
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