FTX advisors protected over $400 million in assets using their hardware wallets during the FTX attack

ChainCatcher news, during the FTX hack last year, FTX advisor Kumanan Ramanathan transferred $400 to $500 million in crypto assets to his personal Ledger Nano hardware wallet to mitigate losses, with these transactions initiated by former CTO Gary Wang.

These assets remained stored on Ramanathan's device until FTX's cryptocurrency custody provider BitGo was ready for cold storage wallets.