Sam Bankman-Fried, CEO of FTX, recently admitted that the company “sure should have” done more to protect customers’ money, following the news that hackers had managed to steal millions of dollars from its platform. He blamed the incident on “human error,” saying that security measures such as two-factor authentication had not been properly implemented. He added that the company had “wrongly put army personnel at the front line,” and was taking action to reduce the team’s responsibilities and to increase oversight of its activities. Bankman-Fried also said that FTX was developing a security protocol process intended to protect customers’ funds, but did not provide details.
Sam Bankman-Fried admits FTX ‘sure should have’ done more to protect customers’ money
