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FTX Warns Creditors of Phishing Scams Targeting $1.6 Billion Payout

Administrators say official notices will never ask users to connect external wallets, with payments handled only through approved channels.

Overview

  • The FTX Recovery Trust began a third distribution on September 30 worth roughly $1.6 billion to verified U.S. and international customers and other unsecured creditors.
  • Fraudsters are impersonating Kroll and the FTX Recovery Trust in emails that link to fake portals designed to steal logins and cryptocurrency.
  • Some spoofed messages cite real case details, including references to 118–142% recovery figures and instructions mentioning Digital Disbursements, to appear legitimate.
  • FTX directed recipients to rely on the official claims portal at claims.ftx.com, noted that it will never request wallet connections, and said payments are processed through vetted providers after KYC checks.
  • The estate has earmarked about $16.5 billion for creditors and reports more than $7.8 billion already distributed across this and earlier rounds, including February and May payouts.