FTX's decision was undertaken as a proactive measure aimed at preventing the occurrence of any potential future incidents or additional harm following the recent hack.
The group of scammers have recently taken over accounts belonging to the founder of Pudgy Penguins, the CTO of OpenAI and even crypto hater Peter Schiff.
The platform was charging investors ‘exorbitant and undisclosed fees’ with one user being charged recurring fees of $51,000 over a span of 13 months, according to the statement.
Prices of hacked cryptocurrency accounts still fetch the highest prices among hacked online accounts, according to online data security provider Privacy Affairs.
The account services for crypto firms come at a time when United States-based companies are struggling to find local banking partners and are frequently looking abroad.