Just a day after FTX Trading announced it was filing for bankruptcy, the company's CEO said Saturday that 'unauthorized access to certain assets has occurred.'
, the company's CEO said Saturday that"unauthorized access to certain assets has occurred."
"An active fact review and mitigation exercise was initiated immediately in response," John Ray said in a statement, tweeted by the company's general counsel."We have been in contact with, and are coordinating with law enforcement and relevant regulators."earlier Saturday that analysts had noticed"hundreds of millions of dollars of assets" were moved from the platform in"suspicious circumstances.
Ray's statement also confirmed that the company"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." It's also making"every effort to secure all assets, wherever located." Ray was appointed the company's new chief executive after founder and CEO Sam Bankman-Fried resigned Friday.
Earlier in the week, the CEO of rival crypto exchange Binance, Changpeng Zhao, said his company had struck a deal to
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