Crypto Exchange FTX to provide $6 million phishing compensation to users

Digital-asset exchange FTX will provide about $6 million compensation to its account holders impacted by a phishing incident via a third-party website

Sam Bankman fried (Photo: Bloomberg)
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Sam Bankman-Fried (Photo: Bloomberg)

Sunil Jagtiani | Bloomberg
Digital-asset exchange FTX will provide about $6 million compensation to its account holders impacted by a phishing incident via a third-party website.
 
Crypto billionaire Sam Bankman-Fried, FTX’s chief executive officer, said on Twitter on Monday that the decision was a one-off as the firm won’t be “making a habit” of compensating users caught up in phishing efforts targeting non-FTX websites.

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First Published: Oct 25 2022 | 2:31 PM IST

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