FTX, which has locked up user funds, has taken a very important step for creditors and restarted the request portal. Accounts that were frozen after the cyber attack on the Kroll company are now accessible to customers.
FTX reopens hacked demand portal: September 29 deadline
In the new process, FTX users must submit evidence of their claims by September 29. The exchange has implemented additional security measures based on the safety of its users. This step will be a great source of comfort for users who aim to protect cryptocurrencies. FTX aims to take the security of its users one step further by increasing such measures after the cyber attack. Official announcement:
FTX provided the following update regarding the recent Kroll cybersecurity incident. Claimants may now resume activities on our platform: https://t.co/DkYi2hDLbI. pic.twitter.com/Nfob4QQxjv
— FTX (@FTX_Official) September 16, 2023
Latest situation in FTX bankruptcy process
Meanwhile, the SIM swapping attack that Kroll experienced in August put the personal information of creditors of companies such as BlockFi and Genesis, as well as FTX, at risk. However, a statement has been made that will reassure FTX users. FTX stated that no KYC information or password was exposed during the cyber attack.
Watch out for September 29
The deadline for FTX customers to submit evidence of their claims is September 29. Creditors are specifically required to submit their evidence by this date. The process creates some glimmer of hope for creditors.
FTX receives approval to liquidate altcoin reserves
cryptokoin.com As we reported, the judge overseeing the bankruptcy case approved FTX to sell its crypto reserves. This development represents a significant step in FTX’s effort to address the financial implications of the bankruptcy process. According to current reports, the cryptocurrency reserves of the exchange are as follows:
- Solana (SOL): $1.16 billion
- Bitcoin (BTC): $560 million
- Ethereum (ETH): $192 million
- Aptos (APT): $137 million
- Tether (USDT): $120 million
- Ripple (XRP): $119 million
- Bithumb Token (BIT): $49 million
- Stargate (STG): $46 million
- Wrapped Bitcoin (WBTC): $41 million
- Wrapped Ether (WETH): $37 million
Users are worried
The decision to sell FTX’s cryptocurrency created panic in some users. However, it has not had a significant impact on Bitcoin and other altcoins for now. Finally, let us note that this restructuring process for FTX’s customers is adjusted to enable users to protect their assets and information more securely. Customers will be able to carry out their transactions safely through FTX’s reopened demand portal. During this period, FTX users need to be careful and conscious. The official website provides all the details for the return process.
