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FTX Warns Users of Data Breach Post Cybersecurity Incident at Kroll

Following a cybersecurity attack at Kroll, the now-bankrupt bitcoin exchange, FTX issued a warning to its users. According to reports, the issue exposed some non-sensitive user data.

FTX confirmed the breadth and implications of the hack in a recent tweet. While Kroll’s system was compromised, FTX stressed that its internal systems were unaffected. More reassuringly, the exchange acknowledged that Kroll did not have access to FTX account passwords and consequently did not save them.

Kroll is aggressively reaching out to everyone affected by the incident as a preventative precaution. They intend to educate them on the essential actions to protect themselves from any potential hazards that may develop as a result of the compromised data, including scam emails.

The gravity of the situation is underscored by FTX’s urgent admonition to claimants to remain vigilant. The exchange expressly warned its users to be careful of fraud attempts and phishing mailings that may seek to imitate bankruptcy parties.

Against this backdrop, FTX’s bankruptcy proceedings have seen significant movement. FTX made an important announcement earlier this week. The cryptocurrency exchange is thinking about partnering with Mike Novogratz’s Galaxy Digital. This agreement is expected to improve the efficiency with which FTX’s crypto assets are managed.

Furthermore, FTX already reported in April on its effective recovery efforts. The exchange stated that they were able to regain more than $7.3 billion in cash and liquid crypto assets.

While the cybersecurity problem adds to FTX’s ongoing issues, the exchange’s proactive approach to addressing the issue and protecting its users’ interests provides a silver lining for its stakeholders.


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