Bankrupt FTX Seeks Court Nod To Let BitGo Safeguard Remaining Assets, To Pay $5M Fee Upfront

Bankrupt FTX Seeks Court Nod To Let BitGo Safeguard Remaining Assets, To Pay $5M Fee Upfront

Defunct crypto exchange FTX (CRYPTO: FTT) has notified a federal judge that it would like BitGo to safeguard its remaining digital assets during the bankruptcy proceedings.

What Happened: On Wednesday, FTX said that it was worried about cyberattacks and theft and that the company and its affiliates needed the court's permission to move assets.

This comes as the hacker exploited over …

Full story available on Benzinga.com