The post Bankrupt FTX Creditors at Risk of Phishing Attacks appeared on BitcoinEthereumNews.com.

FTX creditors are in the crosshairs of phishing attackers, who promise swift withdrawals for trapped assets left after the exchange’s last November collapse. These phishing attempts coincide with revelations that the bankrupt firm had sought financial support from industry giants like BlackRock and Google before its implosion. On October 20, Sunil, a prominent advocate for FTX creditors, advised FTX creditors not to click on any suspicious links from emails of attackers posing as FTX entities. Phishing Attack These fraudulent emails promised the creditors expedited withdrawals and encouraged them to transfer their assets to their wallets. These instructions bypass any waiting periods and the current legal proceedings surrounding the bankruptcy processes. According to the email, “priority clients” can now expedite the asset withdrawal process from the FTX platform. Part of it reads: “As a priority client, you can now undergo the withdrawal process for your assets on the FTX platform and deposit them directly into your wallet, eliminating any waiting period and court outcomes.” Phishing Emails Targeting FTX Users. Source: Sunil/X Meanwhile, this is not the first time FTX’s creditors have been targeted via a phishing scam. In August, the exchange confirmed that its bankruptcy claims agent, Kroll, suffered a breach that compromised customers’ personal information. It was unclear if the attackers were using the stolen personal information from this incident. Notably, these phishing attacks occur against pending absolution for FTX creditors. FTX recently proposed a resolution allowing users to potentially recover around 90% of their assets from next year. FTX Sought Funding from Major Corporations Before Collapse As the trial of FTX Founder Sam Bankman-Fried unfolds, fresh insights into the company’s management practices and the events leading up to the exchange’s downfall continue to emerge. Evidence presented during the trial reveals that FTX had actively pursued funding from corporate heavyweights…

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Filed under: News - @ October 22, 2023 10:26 am