After “Unauthorized Transactions,” FTX claims it transferred the remaining funds to cold wallets to “mitigate damage.”
Late on Friday during U.S. hours, millions of dollars began to strangely migrate from FTX.
According to Ryne Miller, general counsel for FTX US, the cryptocurrency exchange shifted money as a result of several “unauthorised transactions.”
According to Miller, “FTX US and FTX [dot] com took precautionary efforts to shift all digital assets to cold storage following the Chapter 11 bankruptcy filings.”
“Process was accelerated this evening to minimise harm after discovering unauthorised transactions,” the statement reads.
This happened a few hours after more than $600 million in cryptocurrency mysteriously vanished from the wallets of the bankrupt FTX cryptocurrency corporation on Friday.
Numerous owners of FTX wallets also reported seeing $0 balances in their FTX.com and FTX US wallets.