• FTX, a defunct cryptocurrency exchange, reported that its bankruptcy case claims agency Kroll had a cybersecurity breach resulting in the exposure of limited, non-sensitive customer data of specific claimants.
• Kroll is actively monitoring the situation to ensure funds, systems and account passwords are not impacted and is currently educating affected individuals about precautions they may take to ensure their security.
• Celsius Network, another cryptocurrency lending platform in Chapter 11 bankruptcy proceedings, also experienced a data breach that has had a significant impact on the bankruptcy restructuring process.

FTX Reports Cybersecurity Breach

FTX, a defunct cryptocurrency exchange, has reported that its bankruptcy case claims agent Kroll had a cybersecurity breach resulting in the exposure of limited, non-sensitive customer data of specific claimants. Kroll is actively monitoring the situation to ensure funds, systems and account passwords are not impacted and is currently educating affected individuals about precautions they may take to ensure their security.

Celsius Network Also Experiences Data Breach

Celsius Network, another cryptocurrency lending platform in Chapter 11 bankruptcy proceedings has also experienced a data breach that has had a significant impact on the bankruptcy restructuring process. Customers of FTX have been receiving bogus emails with their personal data having been hacked.

FTX Restructuring Process Impacted by Breach

The impact of these breaches on the ongoing restructuring process for FTX and Celsius Network cannot be underestimated as it could potentially cause delays or other issues as relevant stakeholders asses how best to proceed given this new information. Additionally, customers are urged to be vigilant about emails that could be fake or scams pretending to be from companies going through bankruptcy.

Kroll Taking Action In Response To Breach

Kroll is taking steps to address this issue by quickly responding and educating those affected by the cybersecurity incident about precautions they can take to ensure their security. It is important for all customers involved in these cases to stay alert for any suspicious activity related to their accounts or personal information during this time period.

FTX Relaunch Plans Still On Track

Despite these setbacks with regards to security breaches involving its claims agent Kroll , FTX’s relaunch plans remain on track as it seeks to increase its crypto holding through selling, staking and hedging with help from Galaxy Digital.

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