Crypto giant FTX 'investigating abnormalities' following bankruptcy filing
Officials at the crypto giant FTX have moved all digital assets offline as they investigate possible theft of crypto assets following their bankruptcy filing,
Officials at the crypto giant FTX have moved all digital assets offline as they investigate possible theft of crypto assets following their bankruptcy filing, their general counsel announced late Friday.
The crypto giant "initiated precautionary steps to move all digital assets to cold storage" on Friday, according to a tweet from Ryne Miller, general counsel for FTX, who added that the "process was expedited this evening — to mitigate damage upon observing unauthorized transactions."
That followed an earlier tweet from Miller that said officials were "investigating abnormalities with wallet movements related to consolidation of ftx balances across exchanges — unclear facts as other movements not clear."
"Will share more info as soon as we have it," he added.
Blockchain analytics firm Elliptic said that around $473 million worth of cryptoassets were “moved out of FTX wallets in suspicious circumstances early this morning,” but that it could not confirm that the tokens had been stolen.
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