FTX  to upgrade its security measures  

About 36,075 customer claims worth $16 billion have been filed against FTX

FTX is a bankrupt crypto exchange
FTX is a bankrupt crypto exchange

FTX, a bankrupt cryptocurrency exchange, is believed to have restored its customer claims portal with upgraded security protocols. The exchange is expected to have shut down due to a cyberattack. It is believed that claimants can still submit claims for assets they held on the exchange prior to it becoming insolvent, stated Cointelegraph.

Sources revealed that on September 16, 2023, FTX made a statement on X (formerly Twitter), mentioning that none of its systems was affected by the cyber breach involving  Kroll, its appointed bankruptcy claims agent, Cointelegraph added.

FTX is expected to have mentioned that account holders of the now-defunct crypto exchange can access their accounts. They will also be allowed to proceed with the claims process for digital assets held on the exchange prior to it declaring bankruptcy in November 2022.

Furthermore, on September 11, 2023,it was reported that about 36,075 customer claims worth $16 billion have been filed against FTX and FTX US, and 10% of those have been agreed on, Cointelegraph concluded.

(With insights from Cointelegraph)

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This article was first uploaded on September eighteen, twenty twenty-three, at eighteen minutes past one in the afternoon.

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