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FTX Said to Have Confirmed Hack, Investigating ‘Unauthorised Transactions’

FTX Said to Be Investigated by US Authorities for Potential Securities Violations

Collapsed crypto exchange FTX said on Saturday it was moving funds into offline storage following a series of “unauthorised transactions”, with analysts saying millions of dollars worth of assets had been withdrawn from the platform.

FTX US general counsel Ryne Miller said in a tweet on Saturday that the exchange was expediting the process of shifting all digital assets into cold storage “to mitigate damage upon observing unauthorised…


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