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FTX to pay a $6M ‘one-time’ compensation to phishing victims by Cointelegraph

FTX to pay $6M ‘one time’ to phishing victims

Cryptocurrency exchange FTX will provide around $6 million in compensation to victims of a phishing scam that allowed hackers to conduct unauthorized trades on certain FTX users’ accounts.

Sam Bankman-Fried, founder and CEO of FTX, posted in a Twitter Thread on Oct. 23 that the exchange generally doesn’t Compensation to its users “phished by fake versions of other companies in the space” but in this case, it would compensate users.

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