The chaos has made FTX users justifiably eager to receive compensation, and that has opened to the door for scammers. It created a huge spike in customer withdrawals that FTX couldn’t meet, resulting in its sudden collapse.īinance initially signed a letter of intent to acquire the firm to ensure that customers could recover their assets from FTX, but the exchange withdrew its offer after it learned that the firm mishandled customer funds and is facing regulatory investigation. That leak caused rival exchange Binance to announce that it would sell its holdings in FTT. The cryptocurrency exchange platform spiralled into bankruptcy last month, after a revelation that its partner firm, Alameda Research, held a significant portion of its assets in FTX’s native token FTT.

Somehow, things are getting even worse for FTX.

FTX customers offered refund in deepfake phishing scam This month, we delve into a scheme capitalising on the fall of FTX and review the a scam exploiting people’s excitement over the World Cup. Welcome to our December 2022 review of phishing attacks, in which we explore the latest email scams and the tactics that cyber criminals use to trick people into handing over personal data.

Current phishing scams