Fun

News Feed - 2023-09-17 11:09:33

Ciaran Lyons6 hours agoFTX bolsters claims portal security measures following cyber breachFollowing the cyber breach of non-sensitive data, bankrupt cryptocurrency exchange FTX has reactivated account access to its customer claims portal.1939 Total views10 Total sharesListen to article 0:00NewsJoin us on social networksBankrupt cryptocurrency exchange FTX has restored its customer claims portal with tighter security protocols, which was previously shut down due to a cyberattack. Claimants can now continue to submit claims for assets they held on the exchange prior to it becoming insolvent. 


On Sept. 16, FTX made a statement on X (formerly Twitter), confirming that none of its systems were affected by the cyber breach involving its appointed bankruptcy claims agent, Kroll.FTX provided the following update regarding the recent Kroll cybersecurity incident. Claimants may now resume activities on our platform: https://t.co/DkYi2hDLbI. pic.twitter.com/Nfob4QQxjv— FTX (@FTX_Official) September 16, 2023


The breach allegedly exposed non-sensitive customer data of specific claimants. FTX has assured that account passwords and funds were unaffected.


FTX declared that account holders of the now-defunct crypto exchange can now access their accounts and proceed with the claims process for digital assets they held on the exchange prior to it declaring bankruptcy in November 2022. 


Specifically, the claims portal is available to individuals who held accounts with FTX, FTX US, Blockfolio, FTX EU, FTX Japan and Liquid.


On Sept. 11, Cointelegraph reported that approximately 36,075 customer claims worth $16 billion have been filed against FTX and FTX US, and 10% of those have been agreed on.


It was further noted that 2,300 non-customer claims had been filed against the entity, worth $65 billion, including those from Genesis, Celsius and Voyager. 


FTX asserted that freezing the accounts was a precautionary step, and additional security measures have been implemented.No FTX systems were impacted by the Kroll incident, and freezing accounts was a precautionary measure.


This comes after numerous reports of issues with the claims portal in recent times.


On Aug. 27, FTX declared a temporary suspension of accounts for affected users who accessed its claims portal after the cybersecurity attack against Kroll was initially discovered.


However, users could still submit a proof-of-claim through Kroll’s online customer form and by mail.


Related: FTX claims portal becomes unavailable shortly after going live


The customer claims portal was launched on July 11 but went offline for unknown reasons after only one hour.


In related news, the United States Bankruptcy Court for the District of Delaware has recently granted approval for the sale of FTX’s digital assets.


On Sept. 13, Judge John Dorsey issued a ruling permitting FTX to sell off assets in weekly batches, with strict conditions, through an investment adviser. The initial week will have a limit of $50 million, followed by $100 million in subsequent weeks. 


However, FTX is currently prohibited from selling its Bitcoin (BTC), Ether (ETH), and “certain insider-affiliated tokens.“ Any potential sales of these assets require a separate decision by FTX, following a 10-day notice to the committees and U.S. trustee. 


Magazine: Deposit risk: What do crypto exchanges really do with your money?# Business# Bankruptcy# United States# Cryptocurrency Exchange# FTXAdd reactionAdd reactionRead moreWhat are NFT royalties, and how do they work?Wyoming stablecoin: Are state digital currencies even possible?Bitcoin’s cycles are changing — Bloomberg analyst Jamie Coutts explains how and why

News Feed

Bitcoin․com Announces Strategic Partnership with Poly Network
Bitcoin․com Announces Strategic Partnership with Poly Network press release Join the Verse public token sale now and purchase VERSE tokens using BTC, BCH, ETH and USDT/USDC. Sale
Millions in BTC, XMR possibly stolen after reports of darknet market ‘exit scam’
Felix Ng7 hours agoMillions in BTC, XMR possibly stolen after reports of darknet market ‘exit scam’Incognito Market, a darknet marketplace for narcotics trading, has reportedly exit-scammed its users of their BTC and
Why Buying Bitcoin Now Is Better Than Later As BTC Price Consolidates Within Falling Wedge
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Crypto Exchange Coinbase Unveils Plan to Raise $1.5 Billion by Selling Bonds
Crypto Exchange Coinbase Unveils Plan to Raise $1.5 Billion by Selling Bonds Amid trouble with the U.S. Securities and Exchange Commission (SEC), global cryptocurrency exchange Coi
Marcel Pechman4 hours agoChinese gov’t fires up the printer — How will it impact Bitcoin price?China enacted a number of economic stimulus initiatives to bolster its stock market, but will there be a down-the-pipelin
World Wide Web Inventor Tim Berners-Lee Says Crypto Is ‘Really Dangerous’ but Can Be Useful for Remittances
World Wide Web Inventor Tim Berners-Lee Says Crypto Is "Really Dangerous" but Can Be Useful for Remittances World Wide Web inventor Sir Tim Berners-Lee says cryptocurrency is ̶
Ethereum Fees Hit 9-Month High Amid Strong DeFi Activity – Details
Este artículo también está disponible en español. The price of Ethereum recorded an overall decline of 2.08% in the past week in line with the general performance of most
Zhiyuan Sun5 hours agoThe Sandbox implements KYC measures for protocol stakingUnverified users can still withdraw staked SAND but will be unable to make further deposits.1428 Total views5 Total sharesListen to article 0:
Gareth Jenkinson12 hours agoChina could benefit from yuan stablecoin over its CBDC — Circle CEOChina may have banned the use of cryptocurrencies, but stablecoins might have a role to play in the proliferation of its na
Bitwage and Gemini Partner to Launch Bitcoin-Based Retirement Plan for Employees
Bitwage and Gemini Partner to Launch Bitcoin-Based Retirement Plan for EmployeesCryptocurrency payroll service Bitwage has announced the launch of a Bitcoin 401 (k) plan, allowing c
Derek Andersen5 hours agoSouth Korean Shinhan Bank completes stablecoin remittance pilot with Asian partnersThe bank used the Hedera network to settle payments in South Korean, Thai and Taiwanese currencies in real-time
JPMorgan Chase Starts Accepting Bitcoin Businesses for Banking Services
JPMorgan Chase Starts Accepting Bitcoin Businesses for Banking ServicesJPMorgan Chase has reportedly started providing banking services to bitcoin businesses, with the first two cli