FTX creditors remain keen as they wait to be made whole after suffering exposure to the exchange following its implosion in November 2022. Meanwhile,
FTX creditors have been warned of phishing scams by the ecosystem’s activist. The warning follows a false email sent to the exchanges creditors, promising priority services without waiting period. The activist articulates that creditors cannot make withdrawals currently. Victims could suffer as bad actors access their wallets and install a sweeper to steal funds.
com/cNM2jRJXPt — Sunil October 20, 2023 The exchange had been exploring options to return creditors’ funds in fiat currencies rather than crypto, with the court ordering liquidations in batches to minimize impact. FTX’s current administrators hope that staking and careful trading can help the platform liquidate $3 billion in crypto holdings to repay customers.