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Singapore police warn of FTX phishing scams

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Investors have been reminded by the Singapore Police Force to be wary of websites that falsely claim they can assist them in recovering assets from the cryptocurrency exchange FTX, which has now gone out of business.

Local news source Channel News Asia stated that on November 19, the police issued a warning about a website that claimed to be operated by the United States Department of Justice and that prompted FTX users to check in using their account credentials.

Customers of the website, which has not been named, are led to believe that they «would be able to withdraw their assets after paying legal expenses.» The website is directed at local investors who have been adversely impacted by the collapse of FTX.

The authorities said that the website was a phishing scam that was meant to trick people who were naive to the scheme into divulging their personal information.

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