Summary
Bankruptcy claims agent agrees to reimburse FTX costs
Data breach included Chapter 11 case, claimant information
Bloomberg Law
"FTX Trading Ltd. reached a $3.3 milllion settlement with corporate bankruptcy servicer Kroll Restructuring Administration LLC over a 2023 breach of customers’ personal data.
Kroll, a vendor that helps large bankrupt companies collect claims data and disseminate information to creditors, has agreed to reimburse FTX for costs and damages that the collapsed crypto company incurred from the breach, according to a filing Thursday in the US Bankruptcy Court for the District of Delaware.
The claims administrator was breached in August 2023 through a “SIM swapping” attack in which a hacker gained access to personal information of claimants in the Chapter ..."
This article was originally posted on Bloomberg Law.
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