FTX strengthens portal's security measures after cyber attack
The bankrupt cryptocurrency exchange FTX has re-established its customer demand portal with stricter security protocols, which was previously closed due to a cyberattack. Now the plaintiffs can continue to litigate about the assets they had on the stock market before they went bankrupt. FTX confirmed in a statement to X (formerly Twitter) on September 16 that none of its systems had been affected by a cyberattack involving Kroll's appointed bankruptcy case review agent. FTX has provided the following update regarding Kroll's recent cybersecurity incident. Applicants can now continue their activities on our platform: https://t.co/DkYi2hDLbI . pic.twitter.com/Nfob4QQxjvThe the breach will lead to the disclosure of sensitive customer data of certain plaintiffs. FTX made sure that account passwords and cash were not affected.FTX said that account holders of the now-defunct crypto exchanges will now be able to access their accounts and continue the application process for the digital assets they own.xchange before the declaration of bankruptcy in November 2022. The claims portal is available exclusively for individuals with accounts on ftx, FTX US, Blockfolio, FTX EU, ftx Japan and Liquid.On September 11, Cointelegraph reported that about 36,075 customer claims against FTX and FTX USA worth $16 billion have been filed, and 10% of them have been agreed upon. It was also noted that 2,300 customer-related claims worth $ 65 billion, including those from Genesis, Celsius and Voyager, have been filed against the company. FTX claimed that the freezing of accounts October was a precaution and that additional security measures had been taken.This happened after many problems with the claims portal were reported recently. On August 27, FTX announced that the accounts of affected users accessing the claims portal had been temporarily suspended after a cybersecurity attack against Kroll was first detected.However, users were still able to submit proof of the claim.For Kroll customers via the online form and by mail.Related: FTX claims portal becomes unusable shortly after launch The customer claims portal was launched on July 11, but was closed just an hour later for unknown reasons.Recently, the U.S. bankruptcy court for the County of Delaware approved the sale of FTX's digital assets.On September 13, Judge John Dorsey issued an executive order allowing FTX to sell its assets through an investment adviser on a weekly basis on strict terms. The limit will be $ 50 million in the first week and $ 100 million in the following weeks. However, at the moment FTX is prohibited from selling its Bitcoins (BTC), ether (ETH) and certain insider-related tokens.Any potential sale of these assets requires a separate decision from FTX after 10 days notice to the committees and the trustee in the US. Magazine: Deposit risk: What are crypto exchanges really doing to your money?