Funds disappear at imploding FTX crypto exchange
Funds disappear at imploding FTX crypto exchange
By CATHY BUSSEWITZ | Business Writer
NEW YORK — Collapsed cryptocurrency trading firm FTX confirmed there was “unauthorized access” to its accounts, hours after the company filed for Chapter 11 bankruptcy protection Friday.
The embattled company’s new CEO John Ray III said Saturday that FTX is switching off the ability to trade or withdraw funds and taking steps to secure customers’ assets,…