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Singapore police warn investors against FTX phishing scams: Report

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cointelegraph.com

The Singapore Police Force has warned investors to be weary of fake websites claiming they can help them recover funds from the now-bankrupt cryptocurrency exchange FTX.

On Nov. 19, the police issued a warning about a website claiming to be hosted by the United States Department of Justice that prompts FTX users to log in with their account credentials, local news agency Channel News Asia reported.

The website, which was not identified, targets local investors affected by the FTX collapse, claiming that customers “would be able to withdraw their funds after paying legal fees.” The police said the website was a phishing scam designed to fool unsuspecting users into giving away their private information.

Local authorities have also warned against fake online articles that promote cryptocurrency auto trading programs in the country, which appear to have proliferated recently.

Read more on cointelegraph.com
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