Fraudsters posing as FTX debt holders scammed two companies out of $5.6 million using AI-generated identities and access to FTX bankruptcy data. In June 2024, they sold fake debt securities, which were rejected by Kroll. The fraudsters used a 2023 data leak and manipulated appearances using AI. The funds were transferred through cryptocurrency exchanges Binance, CoinEx, and Gate.io, indicating that the operations are linked to a single group. To protect against fraud, it is crucial to thoroughly verify debt securities and cryptocurrency transactions.
2/19/2025 8:45:58 AM (GMT+1)
Fraudsters scammed companies out of $5.6 million, posing as FTX debt holders, using AI-generated identities and access to FTX bankruptcy data
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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