Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.
Crypto exchange FTX’s new CEO, John Ray, took to Twitter Saturday to confirm that FTX, which filed for bankruptcy protection on Friday and its U.S. subsidiary, FTX US, were hacked last night in an attack that drained hundreds of millions of dollars in crypto out of the exchanges’ wallets.
In a statement issued via Ryne Miller, FTX’s general counsel, on Twitter, Ray said FTX US and FTX.com “continue to make every effort to secure all assets, wherever located.”
After the hack began around 10 p.m. EST on Friday night, wallets appearing to belong to FTX began moving assets, which Miller said was the exchange taking “precautionary steps…to mitigate damage upon observing unauthorized transactions.”
Ray confirmed Miller’s statement, adding that FTX is “in the process of removing trading and withdrawal functionality and moving as many digital assets as can be identified to a new cold wallet custodian.”
According to Ray, the company’s executives have been “in contact with, and are coordinating with law enforcement and relevant regulators” following the hack.
Sign up for State of Crypto, our weekly newsletter examining the intersection of cryptocurrency and government
By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy.
DISCLOSURE
Please note that our
and
do not sell my personal information
has been updated
.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
strict set of editorial policies.
CoinDesk is an independent operating subsidiary of
which invests in
and blockchain
As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of
which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG
.
Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.
Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.