Security News > 2024 > March > Scammers steal millions from FTX, BlockFi claimants

Customers of bankrupt crypto platform BlockFi have been targeted with a very convincing phishing email impersonating the platform, asking them to connect their wallet to complete the withdrawal of remaining funds.

BlockFi was a digital asset lender that filed for Chapter 11 bankruptcy protection after it lost access to funds in the wake of the bankruptcy of the FTX cryptocurrency exchange and the Silicon Valley Bank shutdown.

In October 2023, BlockFi emerged from Chapter 11 bankruptcy and said it will allow customers to claim their remaining crypto assets in waves, over several months.

Some of the recipients commented that they received an email address they used only for BlockFi.

BlockFi has also issued a warning on Friday about increasing phishing attempts against its clients.

"As we approach the closing of the initial round of estate withdrawals through the BlockFi App, you should expect an uptick in phishing attempts and spam phone calls," the company noted.

News URL

https://www.helpnetsecurity.com/2024/03/25/blockfi-ftx-phishing/