FTX

FTX

Crypto exchange FTX’s was targeted by the cyber attack that drained hundreds of millions of dollars in crypto out of the exchanges’ wallets.

They were moving as many identifiable digital assets as possible to a new cold wallet custodian while disabling trading and withdrawal capabilities.

The business cooperated closely with law enforcement and made an effort to secure all assets.

Source: https://www.coindesk.com/business/2022/11/12/ftx-crypto-wallets-see-mysterious-late-night-outflows-totalling-more-than-380m/

TPRM report: https://scoringcyber.rankiteo.com/company/ftx

"id": "ftx855141122",
"linkid": "ftx",
"type": "Cyber Attack",
"date": "11/2022",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization's existence"
{'affected_entities': [{'industry': 'Financial Services',
                        'name': 'FTX',
                        'type': 'Crypto Exchange'}],
 'description': 'Crypto exchange FTX’s was targeted by the cyber attack that '
                'drained hundreds of millions of dollars in crypto out of the '
                'exchanges’ wallets. They were moving as many identifiable '
                'digital assets as possible to a new cold wallet custodian '
                'while disabling trading and withdrawal capabilities. The '
                'business cooperated closely with law enforcement and made an '
                'effort to secure all assets.',
 'impact': {'financial_loss': 'Hundreds of millions of dollars'},
 'motivation': 'Financial Gain',
 'response': {'containment_measures': 'Moving identifiable digital assets to a '
                                      'new cold wallet custodian, disabling '
                                      'trading and withdrawal capabilities',
              'law_enforcement_notified': 'Yes'},
 'title': 'Crypto Exchange FTX Cyber Attack',
 'type': 'Cyber Attack'}
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