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FTX Warns Users of Non-Sensitive Data Breach Related to Claims Agent Kroll

FTX Warns Users of Non-Sensitive Data Breach Related to Claims Agent Kroll

FTX again cautioned its users about a data breach that compromised customer data.

FTX, a now-defunct crypto exchange, warned its former users about a breach in security at Kroll, an independent provider of risk and financial advisory solutions.

Kroll is the claims agent in the ongoing FTX bankruptcy case.

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The incident impacted non-sensitive customer data since account passwords were held in FTX systems, and they were not affected.

On August 25th, FTX advised users to be cautious and reassured the former customers that:

The incident occurred at Kroll, and Kroll is notifying affected individuals directly with measures that customers can take to protect themselves. FTX account passwords were not maintained by Kroll, and FTX’s own systems were not affected.

The message stated that the cybersecurity incident has quickly been contained and resolved, and the FTX Debtors are keeping an eye on the situation.

Kroll reportedly sent out emails to affected customers that an unauthorized party gained access to files on the company’s cloud-based systems.

Additionally, FTX cautioned users to expect phishing emails or similar scams impersonating the parties in the bankruptcy.

And currently, crypto enthusiasts on X (formerly Twitter) are reporting instances where they received fraudulent emails. The letters encourage users to withdraw their funds to “an external ERC-20 wallet” through a provided link.

FTX collapsed in November 2022 and caused immense damage to the market. On top of that, the exchange was allegedly hacked shortly after declaring bankruptcy. Reportedly, close to $500m worth of assets have been stolen through illegal transfers.

The company’s founder and CEO, Sam Bankman-Fried, was arrested late last year. He’s been charged with fraud and similar offenses but claimed to be not guilty, with court dates set for October and March.

Aaron S., Editor-In-Chief
Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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