A recent investigative article from Wired uncovered a dramatic story of risk and security during FTX’s hack last year. Precisely, FTX advisor Kumanan Ramanathan performed a heroic leap and intervened in protecting an astonishing amount of FTX assets worth $400 – $500 millions, while the malicious hacker, whose identity remain still a conundrum, managed to escape with losses exceeding $400 millions. Facing an urgent need for a stable solution for securing classified funds, Kumanan pulled through brought out a Ledger Nano – a USB hardware wallet- from his office. This became a temporary shelter of the endangered money, as every safety measure such as meticulously verifying the password, was taken to guarantee FTX’s funds in Ramanathan’s device. Soon enough, BitGo was ready and took total control of the millions of dollars-heavy asset, lifting the dangerous situation.
The breach was stopped and savings secured with one man’s devotion to the cause, Kumanan Ramanathan, an marvel and example of gratefulness and trust worthiness.
