FTX Cybersecurity Incident in August: Claims Portal Now Operational

FTX Cybersecurity Incident in August: Claims Portal Now Operational

FTX Reopens States Portal for Users Influenced by Cybersecurity Incident

FTX has reopened its customer states portal, allowing users whose accounts were influenced by a cybersecurity incident in August to access their accounts and proceed with the states process. The freezing of customer accounts was a precautionary measure, and FTX has implemented additional security measures on the states platform to secure the safety of user accounts. Account holders of the defunct cryptocurrency exchange can now seek compensation for their losses.

States Portal Availability and Process

The states portal is available to individuals who hold accounts with FTX, FTX United States, Blockfolio, FTX EU, FTX Japan, and Liquid. Users influenced by the incident can resume their states process and file a proof of claim with Kroll until September 29. Although while the extent of the value that creditors will recover remains uncertain, the judge overseeing FTX’s bankruptcy case has approved the liquidation of its digital assets.

Over $16B Worth of States Filed Against FTX and FTX.US

In a recent court filing, FTX disclosed that 36,075 customer states worth $16 Billion have been filed against the exchange and its United States arm. The company stated that 10% of those states had been agreed upon. In addition, 2,300 non-customer states worth $65 Billion have been filed against FTX, including those from Genesis, Celsius, and Voyager.

Key Highlights from the Ripple Victory Celebration: Latest Updates on XRP

FTX’s Assets and Probable Sale

FTX holds approximately $7 Billion in assets, including $1.16 Billion worth of Solana (SOL) tokens and $560 Million in Bitcoin. The company has secured $1.5 Billion in cash in addition to the $1.1 Billion it held at the time of filing for bankruptcy. FTX likewise possesses $3.4 Billion worth of numerous digital currencies, including lesser-known tokens. A judge has ruled that FTX can sell and invest its cryptocurrency holdings to repay creditors.

Analyzing the Federal Reserve’s Report on Tokenization: Implications for the Crypto Industry

Justin Sun Considers Bid for FTX Assets

Justin Sun, the founder of Tron Network, is considering making a bid for the assets held by FTX to minimize the market impact of a sale and stimulate growth in the sector.

Hot Take: FTX Reopens States Portal and Prepares for Asset Liquidation

FTX has reopened its states portal, allowing users influenced by a cybersecurity incident to resume the states process. With over $16 Billion worth of states filed against FTX and FTX United States, the extent of creditor recovery remains uncertain. Nonetheless, FTX’s approval to liquidate its digital assets provides some hope for compensation. Justin Sun’s probable bid for FTX’s assets adds an interesting twist to the situation as he aims to lower market impact and foster growth in the cryptocurrency sector.

Pond0x DEX Celebrates $100M Trading Volume Amid Scam Allegations
Author – Contributor at | Website

Wyatt Newson emerges as a luminary seamlessly interweaving the roles of crypto analyst, dedicated researcher, and editorial virtuoso. Within the dynamic canvas of digital currencies, Wyatt’s insights resonate like vibrant brushstrokes, capturing the attention of curious minds across diverse landscapes. His ability to untangle intricate threads of crypto intricacies harmonizes effortlessly with his editorial mastery, transmuting complexity into a compelling narrative of comprehension.

Mass Account Termination by Banking Giant Based on Physical Address: Irreversible Action
Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.

Follow us

Latest Crypto News

Share via
Share via
Send this to a friend