A new report published by Wired reveals that the cryptocurrency exchange FTX may have suffered millions of dollars in losses following a hack attack in November 2022, due to inadequate security measures and lack of transparency in the company’s operations. FTX Hit by Loose Security Measures After FTX’s bankruptcy, the new management made great efforts to transfer various funds worth $1 billion to different storage devices and managed to recover most of the funds as they were melting away in the cryptocurrency exchange. The post FTX: Insufficient Security Measures Led to Millions of Dollars in Losses appeared first on COINTURK NEWS.
