FTX introduced on Nov. 20 that exchanges ought to stay alert relating to unauthorized fund transfers from FTX International and associated debtors on Nov. 11.

The transfers despatched out had been via intermediate wallets and FTX warned exchanges to take all measures to make sure the unauthorized funds be seized and returned to the chapter property.

Previous to the FTX announcement, blockchain knowledge platform, Chainalysis tweeted out a thread explaining that funds stolen from FTX had been on the transfer and that exchanges needs to be able to freeze them if the hacker decides to money out.

Chainalysis clarified that experiences suggesting FTX’s stolen funds had been despatched to the Securities Fee of The Bahamas (SCB) had been false. The Chainalysis staff verified that a number of the funds had certainly been stolen however some funds had been despatched to the regulators.

The put up FTX forewarns exchanges to freeze stolen funds to prevent hacker cashing out appeared first on CryptoSlate.

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