FTX debtors have warned investors about the scams that are blooming, promising users to get their funds back. This warning could particularly relate to the FTX Users’ Debt (FUD) token, which we reported on recently.
Scams targeting FTX users are flourishing
The debtors in charge of the FTX bankruptcy have alerted investors to possible fraud which could emerge around platform debt.
The FTX Debtors remind stakeholders to be on alert for scams from entities claiming to be affiliated with FTX. The FTX Debtors have not issued any debt token and any such offers are unauthorized. All announcements will occur through this account and https://t.co/5G4nXK4kJr
—FTX (@FTX_Official) February 17, 2023
Indeed, while many actors found themselves wronged in this case, the terrain is conducive to scamsas the current leaders of the exchange remind us:
“We are aware of active scams and fraud by third parties seeking to take advantage of FTX customers. Please note that neither debtors of FTX nor any of their agents will ask you for money, fees, payments or passwords for your accounts under […] the potential return of customer assets. »
If in doubt, FTX encourages writing to the following address, to know if such or such solicitation is legitimate or not : [email protected]
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Is the FUD token allegedly linked to FTX debt targeted?
Recently, we alerted our readers to an initiative launched by DebtDAO embodied by the token FTX Users’ Debt (FUD). While FTX does not explicitly target this token, however, its debtors warn of “debt tokens“, indicating that “such offers are not permitted“. This warning is therefore explicit to say the least, because through its token, DebtDAO actually claims to want to help the creditors of FTX.
When writing our previous article, we observed that the FUD was hovering around $70, which represented a capitalization placing it in the top 50 of the cryptocurrency rankings. After less than three days of existence, this encouraged to ask questionsand no surprises, the price of the token has since collapsedcurrently trading at just over $15.
Although the process may be extremely long, the only way to hope to see back some of the funds lost during the bankruptcy of FTX is to wait for justice to take its coursewhich will probably take several years.
👉 Also in the news – FTX: one of the co-founders of the exchange will plead guilty to fraud
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I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.
Vincent Mayor
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