Funds Vanishing on Bankrupt Cryptocurrency Exchange FTX; Investigation is underway | dad

NEW YORK (AP) — Collapsing cryptocurrency exchange FTX has confirmed “unauthorized access” to its accounts, hours after the company filed for Chapter 11 bankruptcy protection on Friday.

The company’s new CEO John Ray III said Saturday that FTX is discontinuing the ability to trade or withdraw funds and is taking steps to secure clients’ assets, according to a tweet by FTX general counsel Ryne Miller. The company said FTX is also coordinating with law enforcement and regulators.

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