Key Takeaways
- FTX users are being targeted in a scam that promises immediate asset withdrawals.
- The scam appears to take advantage of ongoing legal disputes linked to the crypto exchange and its former CEO, Sam Bankman-Fried.
- The scam came to light just after FTX creditors announced a proposal to resolve customer property disputes.
FTX users are being warned about a new phishing scam that promises priority asset withdrawals amid the crypto exchange's ongoing legal issues.
Sunil, an advocate for FTX creditors, alerted the community about this scam through a post on the social media platform X (formerly known as Twitter).
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Sunil's post on X emphasizes the continually changing strategies that online scammers use to deceive people. In this instance, FTX customers have reported receiving fraudulent emails claiming to be from FTX Trading, West Realm Shires Services, and FTX EU.
These emails lure users with an exclusive opportunity to immediately withdraw their assets without any waiting periods or legal hurdles. One such deceptive email reads:
We are excited to offer the valued priority clients of FTX Trading Ltd., West Realm Shires Services Inc., and FTX EU Ltd., a special opportunity starting today, Oct. 20, 2023. 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.
The timing of the scam is noteworthy, as it comes shortly after FTX creditors announced the resolution of disputes related to customer properties. According to a proposal still awaiting bankruptcy court approval, FTX aims to provide significant relief to its global customer base. The plan suggests that customers could recoup more than 90% of distributable value.
The scam appears to capitalize on this positive development by tricking users into believing they can immediately access their funds.
FTX users should be vigilant about this emerging phishing scam that offers false promises of priority withdrawals. The scam looks to exploit user concerns amid FTX's ongoing legal challenges and recent developments concerning the resolution of customer property disputes.
