Read

<p class="is-style-lead">Bankrupt crypto exchange FTX reinstated the functionality of its customer claims portal with enhanced security measures following a recent cyberattack on non-sensitive data. </p> 
<p class="is-style-default">Customers can now resume submitting claims for assets held before the exchange declared insolvency in November 2022.</p> 
<p>FTX suffered a cyberattack that led to a temporary shutdown. The breach exposed non-sensitive data of claimants but did not impact account passwords or funds. The exchange confirmed on Sept. 16 that none of its important systems were affected by the breach.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">FTX provided the following update regarding the recent Kroll cybersecurity incident. Claimants may now resume activities on our platform: <a href="https://t.co/DkYi2hDLbI" target="_blank">https://t.co/DkYi2hDLbI</a>. <a href="https://t.co/Nfob4QQxjv" target="_blank">pic.twitter.com/Nfob4QQxjv</a></p>— FTX (@FTX_Official) <a href="https://twitter.com/FTX_Official/status/1703149055839244757?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">September 16, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The reactivated portal allows creditors to continue submitting claims for digital assets held on the exchange prior to its <a href="https://crypto.news/former-ftx-executive-will-reportedly-plead-guilty-to-criminal-charges/">insolvency</a> in November 2022. Account holders from various FTX-related platforms including Blockfolio, FTX EU, and FTX Japan can now proceed with the claims process.</p> 
<p> You might also like: <a href="https://crypto.news/jaguars-quarterback-trevor-lawrence-reaches-resolution-in-ftx-endorsement-lawsuit/"> Jaguars quarterback Trevor Lawrence reaches resolution in FTX endorsement lawsuit </a> </p> 
<p>According to the reports, FTX and FTX US are currently facing lawsuits involving claims worth $16 billion, with 10% already agreed upon. Additionally, there are 2,300 non-customer claims worth $65 billion.</p> 
<h2 class="wp-block-heading" id="ftx-addresses-customer-concerns">FTX addresses customer concerns</h2> 
<p>FTX, founded by disgraced entrepreneur Sam Bankman-Fried, had previously suspended accounts as a precautionary measure following the <a href="https://crypto.news/zunami-protocol-lost-2-1-million-to-cyber-attack/">cyberattack</a>. Despite this, users could still submit proof-of-claim through Kroll’s online customer form or by mail. After implementing additional security measures, FTX has now restored access to the claims portal.</p> 
<p>As covered by crypto.news, the U.S. Bankruptcy Court for the District of Delaware has <a href="https://crypto.news/delaware-judge-allows-ftx-to-sell-up-to-100-million-of-coins-every-week/">approved</a> the sale of FTX’s digital assets. Judge John Dorsey issued a ruling allowing FTX to sell off assets in weekly batches, with the initial week having a limit of $50 million, followed by $100 million in subsequent weeks.&nbsp;</p> 
<p>However, FTX is currently prohibited from selling bitcoin, ether, and “certain insider-affiliated tokens.” The potential sale of these assets requires a separate decision by FTX, following a 10-day notice to committees and the U.S. trustee.</p> 
<p> Read more: <a href="https://crypto.news/ftx-unveils-100m-weekly-crypto-liquidation-strategy/"> FTX unveils $100m weekly crypto liquidation strategy </a> </p>

FTX restores customer claims portal after cyber breach

Table of Contents

crypto.news

Other articles published on Sep 17, 2023

Analis Bloomberg: BTC Masih Rentan Turun Lebih Rendah Lagi

Ripple CTO Schwartz Admits Struggle to Debunk Misinformation

CFX Could Continue Rising in the Next Few Days, Predicts Analyst

The Billionaire Investor Mark Cuban Lost $870K in a Wallet Hack

Top BTC Analyst Benjamin Cowen Notices “Recurring Patterns” While Cracking Bitcoin’s On-Chain Code

Celebrities Agrees to Settle With Investors on Misleading FTX Promotion

Join our free newsletter for daily crypto updates!