🔥 Consultant Safeguards FTX Assets During Hack

posted 9 Oct 2023

On November 11, 2022, alarming withdrawals raised concerns among former staff and executives.

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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