FTX forewarns exchanges to freeze stolen funds to prevent hacker cashing out

1 year ago

FTX announced connected Nov. 20 that exchanges should stay alert regarding unauthorized money transfers from FTX Global and related debtors connected Nov. 11.

The transfers sent retired were done intermediate wallets and FTX warned exchanges to instrumentality each measures to guarantee the unauthorized funds beryllium seized and returned to the bankruptcy estate.

(1/2)  Exchanges should beryllium alert that definite funds transferred from FTX Global and related debtors without authorization connected 11/11/22 are being transferred to them done intermediate wallets.

— FTX (@FTX_Official) November 20, 2022

Prior to the FTX announcement, blockchain information platform, Chainalysis tweeted retired a thread explaining that funds stolen from FTX were connected the determination and that exchanges should beryllium acceptable to frost them if the hacker decides to currency out.

2/ Reports that the funds stolen from FTX were really sent to the Securities Commission of The Bahamas are incorrect. Some funds were stolen, and different funds were sent to the regulators.

— Chainalysis (@chainalysis) November 20, 2022

Chainalysis clarified that reports suggesting FTX’s stolen funds were sent to the Securities Commission of The Bahamas (SCB) were false. The Chainalysis squad verified that immoderate of the funds had so been stolen but immoderate funds were sent to the regulators.

The station FTX forewarns exchanges to frost stolen funds to forestall hacker cashing out appeared archetypal connected CryptoSlate.

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