FTX forewarns exchanges to freeze stolen funds to prevent hacker cashing out

FTX announced on Nov. 20 that exchanges should remain alert regarding unauthorized fund transfers from FTX Global and related debtors on Nov. 11. FTX warned exchanges to take all measures to ensure the unauthorized funds be seized.

Prior to the FTX announcement, blockchain data platform, Chainalysis tweeted out a thread explaining that funds stolen from FTX were on the move and that exchanges should be ready to freeze them if the hacker decides to cash out. FTX’s stolen funds were sent to the Securities Commission of The Bahamas (SCB) were false.

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