Robby Soave explains how — and why — the crypto currency exchange FTX tumbled last week, sending shockwaves through the crypto community. #FTX #cryptocurrency #bitcoin
The general counsel for cryptocurrency trading company FTX announced on Saturday that the exchange is investigating unauthorized transactions.
According to lawyer, Ryne Miller, “Among other things, we are in the process of removing trading and withdrawal functionality and moving as many digital assets as can be identified to a new cold wallet custodian.""
The CEO, who previously led failed energy company Enron through bankruptcy, added that FTX launched an “active fact review and mitigation exercise” directly after the unauthorized exchanges were identified. The company is also in contact with law enforcement and various regulators.
About Rising:
Rising is a weekday morning show with bipartisan hosts that breaks the mold of morning TV by taking viewers inside the halls of Washington power like never before. The show leans into the day's political cycle with cutting edge analysis from DC insiders who can predict what is going to happen. It also sets the day's political agenda by breaking exclusive news with a team of scoop-driven reporters and demanding answers during interviews with the country's most important political newsmakers.
Follow Rising on social media:
Website: Hill.TV
Facebook: facebook.com/HillTVLive/
Instagram: @HillTVLive
Twitter: @HillTVLive
