New Bankruptcy Report Shows FTX Sucked at Cybersecurity
The disgraced crypto exchange had no dedicated cyber staff and "protected" users assets with minimal safeguards.
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The disgraced crypto exchange had no dedicated cyber staff and "protected" users assets with minimal safeguards.
A lawyer for the failed crypto exchange says the company is working to monetise assets as it sorts through the wreckage left behind by its founder, Sam Bankman-Fried.
FTX lawyers asked the bankruptcy judge overseeing its insolvency case to freeze access to the shares while their true ownership is determined.
Singapore defended its stance, following criticisms about the differing treatment of the two cryptocurrency exchanges saying that it previously alerted the public to Binance.com.
Cryptocurrency exchange FTX Layoff: Cryptocurrency exchange FTX, which recently filed for U.S. bankruptcy court protection, has fired some top executives, including co-founder Gary Wang, the Wall Street Journal reported on Friday, citing an FTX spokeswoman.