Revelations about FTX’s negligent behavior continue, with reports the company stored keys for accounts worth more than $100 million in plaintext.

According to crypto research Molly White, FTX failed to take even the most basic security measures to protect and secure client accounts.

While nothing should surprise anyone regarding FTX, it’s still always a bit shocking when a company fails to employ basic security measures, especially when that company is involved in financial transactions.