FTX says it’s victim of ‘unauthorised transactions’

Taking action: The logo of FTX is seen at one of the parking entrances of the FTX Arena in Miami, Florida. The National Basketball Association’s Miami Heat says the stadium will be renamed. — Reuters

New York: A day after it filed for bankruptcy, the deeply troubled cryptocurrency platform FTX has taken action to halt what it said were “unauthorised transactions.”

The company took “precautionary steps to move all digital assets to cold storage... to mitigate damage upon observing unauthorised transactions,” FTX’s general counsel, Ryne Miller, said on Twitter.