• FTX reports that its bankruptcy case claims agency, Kroll, had a cybersecurity breach resulting in the exposure of limited customer data.
• Kroll is educating those affected by the incident and monitoring to ensure funds, systems, and account passwords are not impacted.
• Customers are urged to be vigilant about emails that could be fake or scams that pretend to be from companies going through bankruptcy.
FTX Reports Cybersecurity Breach Involving Claims Agent Kroll
Defunct cryptocurrency exchange FTX has reported that its bankruptcy case claims agency, Kroll, had a cybersecurity breach that resulted in the exposure of limited, non-sensitive customer data of specific claimants. According to FTX, the situation is being actively monitored to ensure that funds, systems, and account passwords are not impacted.
Kroll In Contact With Affected Individuals
FTX alerted its clients, lenders and the general public of the data breach involving its claims agent Kroll on August 25 through the X platform (formerly Twitter). Kroll is currently educating those affected by the cybersecurity incident about the precautions they may take to ensure their security. Additionally, FTX’s debtors have opened a line of communication with Kroll and are closely monitoring the situation as it develops.
Impact On The Ongoing Bankruptcy Case
According to blockchain researcher ZachXBT consumers of FTX are already receiving bogus emails and their personal data has been hacked. A similar incident occurred when Celsius Network experienced a data breach resulting in customers’ email records being exposed which has had an impact on their bankruptcy restructuring process. While it is still too early tell what affect this will have on FTX’s restructuring process they urge customers to remain vigilant about phishing emails pretending to be from companies going through bankruptcy proceedings.
Increased Security Measures Taken By FTX
In order for customers‘ security measures to remain intact during this time FTX has taken additional steps such as increasing crypto holdings by selling staking and hedging with Galaxy Digital’s help as well as putting measures into place for improved identity verification when signing up for new accounts on their relaunch scheduled for later this year.
Summary
FTX reports a cybersecurity breach involving its claims agent Kroll which resulted in limited customer data being exposed. To make sure funds systems and account passwords remain safe they have informed all clients as well as opened communication with kroll while also taking extra security measures such as increased crypto holdings via selling staking and hedging with Galaxy Digital’s help ahead of their relaunched scheduled for later this year. They urge customers to stay vigilant against potential phishing scams claiming to come from companies going through bankruptcy proceedings..