FTX says it’s victim of ‘unauthorised transactions’


Taking action: The logo of FTX is seen at one of the parking entrances of the FTX Arena in Miami, Florida. The National Basketball Association’s Miami Heat says the stadium will be renamed. — Reuters

New York: A day after it filed for bankruptcy, the deeply troubled cryptocurrency platform FTX has taken action to halt what it said were “unauthorised transactions.”

The company took “precautionary steps to move all digital assets to cold storage... to mitigate damage upon observing unauthorised transactions,” FTX’s general counsel, Ryne Miller, said on Twitter.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Ringgit to see tight trading amid cautious mode next week
PM Anwar: RM1.24bil potential export to Peru generated
Boxed-in markets seek safety
Cropmate seeks to raise RM42mil to buy factories
Climate funding at stake
What could go wrong, or right?
The spirit of enterprise
Kossan’s nine-month earnings surge by 588%
Don’t delay merger control, empower MyCC as the sole regulator
Robust economy to boost banking

Others Also Read