FTX Bankruptcy Claims Representative Hacked, Important Customer Information Leaked

Key Points:

• FTX said the bankruptcy claims representative, Kroll, experienced a cybersecurity incident that resulted in the disclosure of customer data.
• Kroll is informing affected individuals directly about how customers can protect themselves.
• Kroll assured the FTX Debtors that they had promptly prevented and remedied the problem.

Falling cryptocurrency trading platform FTX said it learned that Kroll, representing the claim in the bankruptcy, had experienced a cybersecurity incident that compromised the non-sensitive customer data of a company number of plaintiffs in pending bankruptcy.

Kroll is now quick to contact affected individuals directly about measures customers can take to protect themselves. Kroll does not maintain FTX account passwords, and the platform’s systems will not be affected.

Kroll has assured this exchange’s debtor that it has promptly prevented and remedied the problem and that the Debtor is closely monitoring the situation. Please remain on high alert for fraud attempts and phishing emails impersonating bankruptcy parties.

The bankrupt crypto exchange appointed restructuring management firm Kroll as an agent to monitor all claims against FTX and ensure interested parties are kept informed of developments in their Chapter 11 bankruptcy. The Kroll Restructuring Authority is an indirect subsidiary of Kroll LLC, one of the world’s largest corporate intelligence firms.

Known as “complaints and notices representative,” Kroll was appointed to the role on November 12, the news was announced on November 17, and to compile the database data on all claims against FTX Trading and its 101 affiliates. Claims and notice agents like Kroll are often assigned to bankruptcy cases when the number of creditors exceeds a thousand.

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