‘Italian FTX’ Leaves Users in Limbo, Citing ‘Difficulties in Liquidity Management’

According to Il Fatto Quotidiano, TRT has had financial difficulties since 2021, when its IT provider was compromised and 311 ether (ETH), worth about 900,000 euros, was stolen from the exchange. The company filled the hole in its coffers with its own reserves, the publication wrote. In January 2023, the Italian bank Banca Sella closed TRT’s account; on Feb. 8, TRT announced the company had switched to the Irish bank Modulr, Corriere della Sera wrote.