FTX says ‘unauthorized transactions’ drained millions from the exchange

FTX moved users’ funds to offline wallets early Saturday morning after a wave of “unauthorized transactions” drained hundreds of millions of dollars from the beleaguered cryptocurrency exchange. Ryne Miller, the general counsel at FTX US, didn’t confirm a hack, but

that the company made the move to “mitigate damage” caused by the potential theft, as transferring funds offline, or to “cold storage,” helps…