FTX, the Good Samaritan of cryptos – The founder of the American crypto giant FTX, Sam Bankman-Friedposted on his Twitter account a unprecedented decision which is however an exceptional measure. If the fight against phishingand more generally scams of all kinds, is very complicated, some actions have the merit of addressing the victims directly. As this month of October breaking records for scams is about to close, FTX is tending a very generous hand to its users cheated by phishing.
FTX and SBF stand up against phishing
In one of his tweets, Sam Bankman-Fried laments the considerable impact that the phishing in the cryptocurrency environment. Knowing that usually, phishing, essentially composed of fraudulent emails linking one or more downloadable files, does a lot of damage, in the cryptosphèrethe process is more worked.
The plague of phishing in web 3 is mainly due to thewebsite spoofingmalicious actors create fraudulent sites, whose name will be almost similar to that of a trusted third party. For example, FTX.com will see copies appear, such as FTX.finance. In fact, the fake website will recover the private data users and will subsequently allow hackers to steal the funds.
Good that FTX deploys considerable effort to protect its users from its malicious sites, others do not do the same and FTX users may be impacted.
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$6 million to save phishin victims
After one recent phishing attackSam Banckman-Fried then decided that FTX would offer 6 million dollars to its users who have been victims. The origin of the approach is essentially a phishing attack about the 3Commas automated cross-exchange trading platform.
FTX not being not directly concerned, its prevention service has not had the opportunity to notice the existence of this site. The scammers have finally stolen several million dollars by copying the 3Commas site which allows to connect the accounts of different exchanges, including FTX, Binance, Okex, etc.
In his statement, Sam Bankman-Fried states that FTX does not compensate normally not the losses of its users due to phishing on fraudulent copies of sites of other companies. However, a exception was made in this case.
This is an opportunity for the young billionaire to recall, indicating a wallet address to scammers, only in exchange for the 95% refund stolen funds, any lawsuits would be canceled and the crime forgiven.
At present, phishing represents almost a sector of web 3 activity in its own right, so its effectiveness has been proven in the field of scam. Nevertheless, rare are the companies web 3 to endorse the loss of the theft of their users, or even of accept a share of hypothetical responsibility. Besides the fact that FTX either a company having ample means to undertake this type of approach, its gesture has a real symbolic value, in particular on the taking into account of the problem. FTX then puts a shoulder to its interlocutors of web 3, summoning them indirectly to assume their power in the face of these scams.
Like FTX, Ascendex has grown large enough to respond to threats and phishing attacks. So make the choice of security and above all serenity by registering on AscendEX (lien commercial).