Kraken Freezes Account Access to Funds Related to FTX Hack

Crypto exchange Kraken published a statement regarding the FTX hack, saying that it has frozen account access to the stolen funds.

The statement reads, "we have actively monitored the recent developments with the FTX estate, are in contact with law enforcement, and have frozen Kraken account access to certain funds we suspected to be associated with 'fraud, negligence and misconduct' related to FTX. We will resolve each account on a case-by-case basis and may seek guidance from the Bankruptcy Court or trustee as appropriate."

Previously, Nick Percoco, Chief Security Officer at Kraken, said on Twitter that Kraken had known the identity of the hacker.