• FTX, Genesis and BlockFi customers' are said to be vulnerable to phishing scams that could seek unauthorized access to their wallets.
  • Legal service provider Kroll revealed that it suspects the attack took place on August 19, which could have compromised personal data.
  • FTX, in response to the incident, froze the affected users' accounts within the customer claims portal.

FTX debtors seem to be destined to face some or the other kind of trouble. While the bankruptcy proceedings continued, on the one hand, the debtors faced what could have been a catastrophic attack.

FTX, Genesis, BlockFi customers' data hacked

FTX, Genesis, and BlockFi these companies use the same business and legal service provider, Kroll, which became a victim of cybercrime earlier last week. The company, in a statement, revealed that on August 19, it faced the attack, iterating,

"We were recently informed that on Saturday, August 19, 2023, a cyber threat actor targeted a T-Mobile US., Inc. account belonging to a Kroll employee in a highly sophisticated "SIM swapping" attack.

As a result of the attack, the perpetrator gained access to files containing the personal information of bankruptcy claimants in the case of BlockFi, FTX and Genesis. The accounts were secured as soon as Kroll found out and launched a full investigation to look into the matter. The firm stated that it was coordinating with the Federal Bureau of Investigation (FBI) as well regarding the attack.

No other systems were impacted by the attack, but Kroll still made sure to warn the customers of any potential phishing scams. These scams could lead to the hacker gaining unauthorized access to the users' wallet(s). The files hacked contained names, addresses, emails and other information on claims; however, no sensitive information, such as passwords, was stolen.

In response to the incident, FTX stated,

"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.

Later on, FTX also informed the debtors that it had precautionary measures and temporarily froze the affected users' accounts within the customer claims portal. Both Kroll and FTX are yet to respond to FXStreet's request for further details.


Like this article? Help us with some feedback by answering this survey:



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

US presidential election outcome could shape the future of crypto

US presidential election outcome could shape the future of crypto

US citizens will go to the polls to elect a new president on November 5, and their choice could be key for the future of the crypto industry and thus the price outlook for Bitcoin (BTC).

More Cryptocurrencies News
Bitcoin ETFs beat Gold ETFs with 65% gain since launch

Bitcoin ETFs beat Gold ETFs with 65% gain since launch

Bitcoin ETFs have reshaped the digital asset investment landscape since their approval in January. Their total assets under management climbed over $70 billion during the weekend, placing them ahead of other investment products, including gold.

More Bitcoin News
XRP eyes 10% rally amid relisting across crypto exchanges and growing institutional demand

XRP eyes 10% rally amid relisting across crypto exchanges and growing institutional demand

Ripple's XRP is trading at $0.5050 up slightly by 0.2% in the past 24 hours as it struggles to sustain a move above a key symmetry triangle resistance. Meanwhile, in its recently released Q3 report, Ripple noted the rising listing and relisting of XRP across crypto exchanges and global platforms.

More Ripple News
Ethereum Price Forecast: ETH struggles below $2,500 amid State of Michigan pension fund investment in ETH ETF

Ethereum Price Forecast: ETH struggles below $2,500 amid State of Michigan pension fund investment in ETH ETF

Ethereum is trading near $2,420, down about 1% on Monday, but could bounce off a key descending trendline close to the $2,258 historically high demand zone. Meanwhile, the State of Michigan pension fund revealed an investment of $11 million in ETH exchange-traded funds.

More Ethereum News
Bitcoin: New all-time high at $78,900 looks feasible

Bitcoin: New all-time high at $78,900 looks feasible

Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP