Consultant Safeguards FTX Assets During Hack
On November 11, 2022, alarming withdrawals raised concerns among former staff and executives.
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On November 11, 2022, alarming withdrawals raised concerns among former staff and executives.
While FTX reported losses exceeding $400 million, consultant Kumanan Ramanathan volunteered to transfer a significant portion of FTX’s assets to his device, safeguarding between $400 million and $500 million in cryptocurrency.
These transactions, initiated by former CTO Gary Wang, helped mitigate further losses.
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