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Bad actors are drawn to the blockchain space because of its anonymous nature; these people seek to defraud and rob investors of funds. Bad actors are drawn to the blockchain space because of its anonymous nature; these people seek to defraud and rob investors of funds. This time, a group of scammers is targeting investors already in trouble from the FTX cryptoexchange bankruptcy.
To target these potential victims, fraudsters offer back their lost money. The new attack vector to bait ftx clients pretends to be the platform. Perpetrators request payment to transfer funds or demand a password to deceive their victims.
While addressing its community in a recent tweet, the FTX team confirmed that the exchange’s debaters and agents never ask for a fee or an account’s sensitive information. The tweet reads:
We are aware of third party scams and frauds that seek to profit from FTX clients. Please note that you will not be asked for money by the FTX debater or any of their agents, fee, payments or passwords to your accounts as part of returning or potentially returning client assets.
Additionally, the team has provided an application email address in the alert note that victim users can contact to verify the legitimacy of any message or reinstatement offer they have received.
| Source: TradingView.com.'s BTCUSD price chart.
Cryptographic fraud targeting FTX clients is increasing. Since the crash of the sam bakman-fried-led stock market in November, wiping billions of dollars, fraudsters have been given new opportunities to deceive debaters into promising to return their funds.
Likewise, days after the FTX filed for bankruptcy in November, a fake video popped up on Twitter impersonating the exchange’s founder, Sam Bakman-Fried (SBF). SBF fraudsters asking users to go to an insecure website to "double their crypto holdings." It sounded real because the villains were using a verified twitter account.
Furthermore, a month after FTX’s downfall, the Oregon Division of Financial Regulation (ODF) issued a warning about a scam website offering to return the victims’ funds. When the exchange led by the SBF was grappling with its financial situation, the scammers launched this fake website and falsified it to give the impression that the US State Department was running it. But the reality was that bad actors were trying to capture sensitive user information.
TK Keen, an administrator at the DFR, noted in a statement;
In GOPAX ExchangeTK Keen, one FRD administrator, noted in a press release; The cryptoexchange marketplace is fluid and full of people who are trying to profit from you. We have already said so.
