FTX Clients Targeted in a Withdrawal Scam: Activist Alerts on X 

• FTX users have been reportedly targeted in a withdrawal scam via fake emails.
• The debtors received emails falsely promising instant withdrawals of assets.
• Sunil, an FTX activist, alerted users of the phishing scam via a post on X. 

In the ever-fluctuating crypto space open to potential threats and risks, a recent revelation identified FTX users targeted in a withdrawal scam. Sunil, an FTX activist on X, shared a thread, alerting FTX users regarding the prevailing phishing scam on the platform.

Reportedly, FTX customers complained receiving scam emails claiming to be sent by FTX Trading Ltd., West Realm Shires Services Inc., and FTX EU Ltd. The emails guaranteed customers of an instant withdrawal of assets, without long “waiting period and court outcomes”. The email read:

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, October 20th, 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.

While FTX has been going through a struggling period, driven by the legal pressures and trials of the FTX founder Sam Bankman-Fried, clients have been troubled, without being able to do timely transactions. The emails attempted to trap them, taking advantage of their immediate requirements. However, Sunil’s tweet helped the community to free themselves from the phishing scam.  

In related news, the FTX debtors had a phenomenal victory with the announcement of the customer property disputes. The plan guaranteed the return of over 90% of their assets by the end of 2024 Q2. As per the announcement, FTX has decided to exclude customers who were aware of FTX’s misuse of customer funds, from recovering lost assets.