Hundreds of millions vanish from collapsed cryptocurrency giant ...News

An estimated $662 million in digital assets has reportedly been withdrawn from FTX in ‘unauthorized transactions’ Failing cryptocurrency exchange FTX has begun moving assets offline, after more than $600 million in tokens was allegedly pilfered from the digital wallets on its platform. After filing for bankruptcy protection from creditors on Friday, FTX “initiated precautionary steps to move all digital assets to cold storage,” said Ryne Miller, general counsel for the firm’s US arm. “Process was expedited this evening to mitigate damage upon observing unauthorized transactions.” However, considerable damage had a

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