Collapsed crypto exchange FTX said on Saturday it was moving funds into offline storage following a series of 'unauthorized transactions', with analysts saying millions of dollars worth of assets had been withdrawn from the platform.FTX U.S. general counsel Ryne Miller said in a tweet on Saturday that the
Collapsed crypto exchange FTX said on Saturday it was moving funds into offline storage following a series of"unauthorized transactions", with analysts saying millions of dollars worth of assets had been withdrawn from the platform.
Cold storage refers to crypto wallets that are not connected to the internet to guard against hackers. Figures from Singapore-based analytics firm Nansen showed a one-day net outflow from FTX of about $266 million, with $73 million withdrawn from FTX U.S. alone.Prior to Miller's tweets, FTX officials appeared to confirm rumors of a hack on the firm's Telegram channel, according to a CoinDesk report which said that the exchange had instructed customers to delete FTX apps and avoid its website.
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