Fun

Crypto Exchange Kraken Freezes Accounts of FTX, Alameda Research, Their Executives

News Feed - 2022-11-13 11:11:30

Crypto Exchange Kraken Freezes Accounts of FTX, Alameda Research, Their Executives


Crypto exchange Kraken has frozen a handful of accounts owned by the bankrupt FTX Group, Alameda Research, and their executives. Kraken has been in contact with law enforcement after discovering that an account on its platform was used in connection with unauthorized transfers at FTX. Kraken Freezes Accounts Belonging to FTX, Alameda Research, and Executives


Cryptocurrency exchange Kraken has taken steps to freeze verified accounts on its platform belonging to FTX Group, Alameda Research, and their executives. The official Twitter account for Kraken tweeted early Sunday morning: Kraken has spoken with law enforcement regarding a handful of accounts owned by the bankrupt FTX Group, Alameda Research and their executives. Those accounts have been frozen to protect their creditors.


Kraken stressed: “Other Kraken clients are not affected. Kraken maintains full reserves.”


FTX filed for Chapter 11 bankruptcy Friday. John Ray was appointed the new chief executive of FTX Group after Sam Bankman-Fried stepped down. Alleged FTX Hacker Uses Kraken


Following FTX’s bankruptcy filings, Twitter users noticed that the exchange’s wallets were being drained. Ray, FTX’s new CEO and chief restructuring officer, subsequently confirmed the unauthorized transfers.


Twitter users also noticed that funds were moved from Kraken to a wallet used to hold some of the stolen tokens. A few hours later, Nick Percoco, Kraken’s chief security officer, tweeted: “We know the identity of this account.” However, he noted that he could not reveal the user’s identity publicly on social media.



FTX general counsel Ryne Miller explained Saturday: “Following the Chapter 11 bankruptcy filings — FTX US and FTX.com initiated precautionary steps to move all digital assets to cold storage. [The] process was expedited this evening — to mitigate damage upon observing unauthorized transactions.”


Miller then quoted the new FTX CEO as saying: As widely reported, unauthorized access to certain assets has occurred … We have been in contact with, and are coordinating with law enforcement and relevant regulators. Tags in this story Kraken, Kraken cryptocurrency exchange, Kraken freezes Alameda Research, Kraken freezes FTX, Kraken FTX, Kraken FTX executives, Sam Bankman-Fried


What do you think about Kraken freezing the accounts of FTX, Alameda Research, and their executives? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. From Mercedes F1 to Miami Heat, Sports Teams Suspend FTX Sponsorships EXCHANGES | 14 hours ago Proof-of-Reserves Concept Gains Traction as Major Crypto Exchanges Provide Wallet Lists and Promise Full Audits EXCHANGES | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleThe Mysterious FTX Debacle, Tim Draper’s BTC Price Prediction, More Support for Ripple in SEC Lawsuit — Week in Review Next articleFTX Contract Deployer Unlocks 192 Million FTT, Exchange Token’s Questionable Tokenomics Highlights Red Flags Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItNFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales


Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% ... read more.UAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse Fed"s Bullard Wants to Raise Bank Rate to 3.5% by Year"s End, Hints at 75 Basis Point Rate Hike Survey: Adoption in Argentina Grows, With 12 out of 100 Adults Having Invested in Crypto Economist Predicts the Fed"s Response to Inflation Will Push Crypto Higher

News Feed

US Justice Department Seizes Cryptocurrency Worth $112 Million in ‘Pig Butchering’ Crackdown
US Justice Department Seizes Cryptocurrency Worth $112 Million in "Pig Butchering" Crackdown The U.S. Department of Justice (DOJ) says it has seized cryptocurrency worth over $112
Robert Kiyosaki Says Bitcoin Isn’t the Problem — Calls Former FTX CEO the ‘Bernie Madoff of Crypto’
Robert Kiyosaki Says Bitcoin Isn"t the Problem — Calls Former FTX CEO the "Bernie Madoff of Crypto" The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki,
Sushiswap Smart Contract Bug Results in Over $3M in Losses; Head Chef Says Hundreds of ETH Recovered
Sushiswap Smart Contract Bug Results in Over $3M in Losses; Head Chef Says Hundreds of ETH Recovered According to several reports, a bug introduced to the decentralized exchange (d
Spot ETFs Fail To Ignite Bitcoin Growth – Analyst
Este artículo también está disponible en español. The Spot Bitcoin ETFs have become a major headliner recently due to heightened levels of market inflows. According to da
Jeff Bezos Directs Amazon to Accept Bitcoin and Other Popular Cryptocurrencies: Report
Jeff Bezos Directs Amazon to Accept Bitcoin and Other Popular Cryptocurrencies: Report Amazon is reportedly planning to accept bitcoin for payments, after which
National Bank of Ukraine Temporarily Bans Cross-Border Crypto Purchases With Hryvnia
National Bank of Ukraine Temporarily Bans Cross-Border Crypto Purchases With Hryvnia The central bank of Ukraine has introduced additional restrictions on international transaction
TemDAO World Heritage Project Helps the Cultural Sector through Democracy-Fueled Donations
TemDAO World Heritage Project Helps the Cultural Sector through Democracy-Fueled Donations press release PRESS RELEASE.Tokyo, Japan, April 11th 2023, Chainwire.TemDAO is a world her
Sam Bankman-Fried Disputes FTX US ‘Shortfall’ Claims, Critics Skeptical of Excel Spreadsheet Defense
Sam Bankman-Fried Disputes FTX US "Shortfall" Claims, Critics Skeptical of Excel Spreadsheet Defense Following an update from FTX debtors about the $5.5 billion discovered by admin
Bitcoin Price Likely To Fluctuate Between $100,000 And $110,000 Until FOMC Meeting, Says Analyst
Este artículo también está disponible en español. After a flash crash to $89,256 earlier this month, Bitcoin (BTC) made a swift recovery, reaching a new all-time high (AT
Rakesh Upadhyay6 hours agoPrice analysis 11/22: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, AVAXThe sharp rebound in Bitcoin and select altcoins suggests that bulls remain in charge and continue to buy at lower levels
Tether Asks Court to Remove Crypto Boutique Law Firm Roche Freedman From Class-Action Lawsuit
Tether Asks Court to Remove Crypto Boutique Law Firm Roche Freedman From Class-Action Lawsuit Kyle Roche, an attorney and founding partner of the crypto boutique litigation firm Ro
Grayscale Adds 174,000 LTC to Its Litecoin Holdings- Price of the Altcoin Unresponsive
Grayscale Adds 174,000 LTC to Its Litecoin Holdings- Price of the Altcoin Unresponsive According to reports, Grayscale added 174,000 tokens to its litecoin holdi