A significant warning has been issued regarding a withdrawal scam targeting FTX users. Sunil, known as an advocate for the exchange’s creditors on Twitter, advised users to be cautious against such phishing scams. Sunil’s shared message emphasizes how online scammers constantly change their tactics. These emails offer a fake advantage by proposing that creditors can instantly withdraw their assets, bypassing any waiting and legal procedures.

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In summary, we advise FTX users to exercise vigilance against these types of scams. We also issue warnings to steer clear of suspicious links. It is always necessary to be cautious against fake emails. After all, this is the crypto market!

An example of a fake email:

We are excited to offer a special opportunity to the valued priority customers of FTX Trading Ltd., West Realm Shires Services Inc., and FTX EU Ltd., starting on October 20, 2023. As a priority customer, you can now avail of this opportunity. Withdraw your assets on the FTX platform and deposit them directly into your wallet, thereby avoiding any waiting period and court outcomes.

The email targets users wanting to withdraw their assets due to ongoing legal disputes with the exchange’s former CEO, Sam Bankman-Fried.

The scam emerged shortly after the announcement of the resolution of disputes over customer ownership.

Additionally, the revised plan awaiting approval from the bankruptcy court brings significant relief for FTX’s global customer base. They highlight the offer as a significant step with the goal of recovering more than 90% of the distributable value for customers.

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