FTX Says It Moved Remaining Funds to Cold Wallets to 'Mitigate Damage' After 'Unauthorized Transactions'

“Subsequent the Chapter 11 individual bankruptcy filings – FTX US and FTX [dot] com initiated precautionary methods to transfer all digital assets to chilly storage,” Miller reported. “Method was expedited this evening – to mitigate injury on observing unauthorized transactions.”

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