Crypto News – The insolvent cryptocurrency exchange FTX has temporarily barred the accounts of impacted users from accessing its claims system in the wake of the recent Kroll data breach. In an effort to head off any potential future accidents and additional harm, FTX made the choice.
Kroll Data Breach Causes FTX to Suspend User Accounts
Following the hack, FTX announced on X the choice as a precaution to stop such instances or harm in the future.
All claim data provided through the Kroll client claims portal is safe and accurate, claims FTX. However, users were strongly advised against making changes to their claims or authorized schedules in light of the incident.
How Did the Data Breach Occur?
A breach involving Kroll, the designated claims and notifying agent for FTX’s ongoing bankruptcy proceedings, disclosed non-sensitive information relating to claimants involved in the bankruptcy case. Kroll responded by assuring FTX that it was actively managing the matter and would continue to keep an eye on it. By confirming that the compromise had no effect on the security of account passwords, internal systems, or financial funds, FTX subsequently provided proof of this guarantee.
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