The FTX US legal chief, Ryne Miller, cited chief restructuring officer and now chief operation officer of FTX, John J. Ray III for the recent unauthorized access over the company’s funds. The FTX CEO stated that they are continuously putting their efforts in order to ensure security of all the assets belonging to the customers over the platform.
In addition, he noted the funds would be providing safeguard regardless of their locations and also described the way their team is in the process of disabling the trading and withdrawal functions on the crypto exchange.
Miller’s Twitter post further noted that Ray also said the identified crypto assets were yet to be found and soon after it was subjected to sent to the new cold wallet custodian. While he also added the reports on certain assets’ unauthorized assets and confirms it’s happened indeed.
For the further steps, Ray described that there would be active exercise on reviewing and mitigating the losses following the immediat
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