Funds disappear at bankrupt crypto exchange FTX; probe underway | nation

NEW YORK (AP) – Collapsed cryptocurrency trading firm FTX confirmed there was “unauthorized access” to its accounts hours after the company filed for Chapter 11 bankruptcy protection on Friday.

The embattled company’s new CEO, John Ray III, said Saturday that FTX was shutting down the ability to trade or withdraw funds and was taking steps to protect customers’ wealth, according to a tweet from FTX general counsel Ryne Miller. FTX is also coordinating with law enforcement and regulators, the company said.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, transcribed or redistributed without permission.


Leave a Reply

Your email address will not be published. Required fields are marked *