FTX Says It Moved Remaining Funds to Cold Wallets to ‘Mitigate Damage’ After ‘Unauthorized Transactions’

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“Following the Chapter 11 chapter filings – FTX US and FTX [dot] com initiated precautionary steps to maneuver all digital property to chilly storage,” Miller stated. “Course of was expedited this night – to mitigate harm upon observing unauthorized transactions.”

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