FTX Phishing Scams Targeting Investors In Singapore
Investors have been cautioned by the Singapore Police Force to be wary of phony websites that promise to assist them in recovering money from FTX.
According to local news outlet Channel News Asia, the police warned the public on November 19 about a website that requests FTX users’ login information and purports to be housed by the US Department of Justice.
The unnamed website, according to the authorities, was a phishing scheme created to trick unwary visitors into disclosing their private information. Targeting local investors affected by the FTX collapse, the website asserts that customers could withdraw their funds after paying legal fees.
Authorities in the area have also issued warnings about false web articles that appear to be spreading recently and advertise Bitcoin auto trading systems in the nation.
An estimated 1 million investors have been affected by FTX’s bankruptcy. This has led investors in Singapore eager to withdraw their investment on the exchange quickly.
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