FTX Reports Security Breach Involving Kroll: What You Need To Know

• FTX, a defunct cryptocurrency exchange, reported that its claims agency Kroll had a cybersecurity breach that exposed limited non-sensitive customer data of specific claimants.
• Kroll is currently educating those affected by the incident about precautions they may take to ensure their security.
• Celsius Network, another cryptocurrency lending platform that experienced a data breach, has seen significant impact on its bankruptcy restructuring process.

FTX Reports Cybersecurity Breach

FTX, a defunct cryptocurrency exchange, reported that its claims agency Kroll had a cybersecurity breach that exposed limited non-sensitive customer data of specific claimants. The exchange is seeking to increase its crypto holding through selling, staking and hedging with the help of Galaxy Digital.

Kroll in Contact with Affected Individuals

Kroll is currently educating those affected by the incident about precautions they may take to ensure their security. Additionally, FTX’s debtors have opened a line of communication with Kroll and are closely monitoring the situation as it develops. Customers are urged to be vigilant about emails that could be fake or scams pretending to be from companies going through bankruptcy.

Impact on Bankruptcy Case

According to blockchain researcher ZachXBT, consumers of FTX are already receiving bogus emails and their personal data has been hacked. Celsius Network, another cryptocurrency lending platform in Chapter 11 bankruptcy proceedings also experienced a data breach which has had significant impact on the bankruptcy restructuring process.

Precautionary Measures for Consumers

Consumers should remain vigilant about any suspicious emails they receive and take additional steps to protect themselves online such as changing passwords frequently and enabling two-factor authentication for all accounts whenever available.

Conclusion

The extent of the damage caused by this cyberattack is still not known but it underscores how vulnerable digital assets can be when held online or within exchanges without adequate security measures in place. It also highlights how important it is for customers to stay informed and take proactive measures against potential cyber threats.

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