Key Points:
- The insolvent cryptocurrency exchange FTX has acknowledged a recent rash of third-party frauds and schemes aimed at taking advantage of its already vulnerable clients.
- Scammers were looking for opportunities to “re-victimize those who have previously been injured and are trying to discover ways to recover their losses,” the Oregon Division of Financial Regulation warned in late December.
- The governments of California, Texas, and New Jersey have joined calls for an independent audit of the company’s financial records as a recent move in the bankruptcy proceedings for FTX.
The insolvent cryptocurrency exchange FTX has acknowledged a recent rash of third-party frauds and schemes aimed at taking advantage of its already vulnerable clients.
Customers were warned on February 3 about recent scam attempts by con artists, including requests for money, fees, payments, or account passwords.
The business issued a warning, saying, “We are aware of active third-party scams and frauds aiming to take advantage of FTX clients.”
In addition, FTX stated that its debtors and agents would never request account passwords or payment in connection with the “return or potential return of customer assets,” and advised potential victims to get in touch with the FTX debtors’ official email address to verify the veracity of the messages.
The past several months have seen scammers step up their game as a result of FTX’s failure
Scammers were looking for opportunities to “re-victimize those who have previously been injured and are trying to discover ways to recover their losses,” the Oregon Division of Financial Regulation warned in late December.
It highlighted a phony website that requested account information from FTX customers while claiming to be operated by the U.S. Department of State and attempting to recover those customers’ funds.
Sam Bankman-Frie appeared in a convincingly fraudulent video in November that promised to treble customer cryptocurrency compensation. The rogue website offered the crypto giveaway in exchange for tokens that were delivered to the scammers, luring users into accessing it.
The governments of California, Texas, and New Jersey have joined calls for an independent audit of the company’s financial records as a recent move in the bankruptcy proceedings for FTX.
A different story about Bankman-Fried was released by Reuters on February 2 and stated that the crypto entrepreneur is in discussions with federal prosecutors to settle a disagreement on his bail requirements.
The judge presiding over the case earlier this week temporarily prohibited Bankman-Fried from getting in touch with FTX or Alameda personnel.
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