FTX to give a ‘one-time’ $6M compensation to phishing victims

Jesse Coghlan reports:

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.

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

Read more at CoinTelegraph.

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