Crypto Exchange Kraken Freezes Accounts of FTX, Alameda Research, Their Executives

Crypto speech Kraken has frozen a fistful of accounts owned by the bankrupt FTX Group, Alameda Research, and their executives. Kraken has been successful interaction with instrumentality enforcement aft discovering that an relationship connected its level was utilized successful transportation with unauthorized transfers astatine FTX.

Kraken Freezes Accounts Belonging to FTX, Alameda Research, and Executives

Cryptocurrency speech Kraken has taken steps to frost verified accounts connected its level belonging to FTX Group, Alameda Research, and their executives. The authoritative Twitter relationship for Kraken tweeted aboriginal Sunday morning:

Kraken has spoken with instrumentality enforcement regarding a fistful of accounts owned by the bankrupt FTX Group, Alameda Research and their executives. Those accounts person been frozen to support their creditors.

Kraken stressed: “Other Kraken clients are not affected. Kraken maintains afloat reserves.”

FTX filed for Chapter 11 bankruptcy Friday. John Ray was appointed the caller main enforcement of FTX Group aft Sam Bankman-Fried stepped down.

Alleged FTX Hacker Uses Kraken

Following FTX’s bankruptcy filings, Twitter users noticed that the exchange’s wallets were being drained. Ray, FTX’s caller CEO and main restructuring officer, subsequently confirmed the unauthorized transfers.

Twitter users besides noticed that funds were moved from Kraken to a wallet utilized to clasp immoderate of the stolen tokens. A fewer hours later, Nick Percoco, Kraken’s main information officer, tweeted: “We cognize the individuality of this account.” However, helium noted that helium could not uncover the user’s individuality publically connected societal media.

FTX wide counsel Ryne Miller explained Saturday: “Following the Chapter 11 bankruptcy filings — FTX US and FTX.com initiated precautionary steps to determination each integer assets to acold storage. [The] process was expedited this evening — to mitigate harm upon observing unauthorized transactions.”

Miller past quoted the caller FTX CEO arsenic saying:

As wide reported, unauthorized entree to definite assets has occurred … We person been successful interaction with, and are coordinating with instrumentality enforcement and applicable regulators.

What bash you deliberation astir Kraken freezing the accounts of FTX, Alameda Research, and their executives? Let america cognize successful the comments conception below.

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