- FTX creditors face phishing threats amid leaked personal data and scam claim portals.
- Criminals exploit upcoming September payout to send convincing fake FTX notifications.
- Lawsuit claims Fenwick & West enabled FTX fraud through legal structuring and credibility.
If you’re an FTX creditor, you need to be on high alert. A series of sophisticated phishing emails is hitting inboxes, designed to trick you into clicking fraudulent links and giving up sensitive data just as the next payout approaches.
Cybersecurity experts warn that the timing is no accident. With FTX’s second major creditor distribution scheduled for September 30, 2025, criminals are exploiting the anticipation. The phishing emails often claim that your identity verification is complete and that partial payments are available immediately, directing you to a fake website.
This new phishing email follows reports that the full names and email addresses of FTX creditors have been revealed online. That data leak makes these scams much more dangerous because attackers can now craft convincing, personalized messages directly to you. Security advisors stress that you should only use the official portals, like claims.ftx.com, and always manually type the addresses into your browser.
Meanwhile, the Lawsuit Against FTX’s Lawyers Heats Up
As if the new scams weren’t enough, the legal battles are also getting more intense. FTX customers have strengthened their lawsuit against Fenwick & West, the high-profile Silicon Valley law firm that once represented the exchange.
The updated complaint narrows the case to focus solely on Fenwick & West, arguing that evidence from ongoing investigations shows the firm provided crucial legal support that made the misappropriation of customer funds possible.
Plaintiffs claim Fenwick helped design entities like Alameda Research and North Dimension without adequate safeguards, allowing insiders to siphon off hundreds of millions of dollars.
Moreover, the lawsuit contends that Fenwick’s name lent credibility to FTX, helping attract billions in venture capital while easing regulatory concerns. Plaintiffs say these actions went beyond standard legal representation and crossed into active facilitation of fraud.
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