FTX Crypto Exchange Suspends Claims Portal Access After Kroll Data Breach

Zach Anderson  Aug 28, 2023 20:00  UTC 12:00

0 Min Read

FTX, a bankrupt cryptocurrency exchange, has announced the temporary suspension of impacted user access to its claims portal. This decision comes in the wake of a cybersecurity breach at Kroll, a firm overseeing FTX’s ongoing bankruptcy proceedings as the appointed claims and noticing agent.

The announcement, made on the social media platform X (formerly known as Twitter), underscores FTX's proactive approach to safeguarding its users and assets. The breach at Kroll led to the exposure of non-sensitive data of claimants involved in the bankruptcy case. In response to potential concerns, FTX has issued a strong advisory to its users. "Users are strongly cautioned against making alterations to their claims or the accepted schedules in light of the incident," the exchange stated.

Despite the unsettling circumstances surrounding the breach, FTX remains confident in the security of its infrastructure. The exchange has gone on record to assure its user base that "the security of account passwords, internal systems, and financial assets remains uncompromised."

Kroll, on its part, has taken the initiative to reach out to affected individuals. The firm is actively advising them on precautionary measures to ensure self-protection against potential threats.

However, the situation has taken a concerning turn. ZachXBT, a renowned blockchain analyst, has reported the emergence of phishing emails targeting FTX customers. This development hints at a potential compromise of personal data, raising alarms within the crypto community.


Image source: Shutterstock


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