2023-05-04 14:16:29
The New York Times, Financial Times and Bloomberg have asked a US bankruptcy court to release the names of FTX’s 9 million customers, despite the risk of falling into the clutches of fraudsters using artificial intelligence.
Until now, the bankruptcy court has kept the entire list of customers encrypted because it fears phishing hackers will pounce on them immediately. The 9 million people are mostly customers whose money was stuck or lost on Samuel Bankman-Fried’s crashed crypto exchange. Media companies are now asking for the names to be released.
According to American federal law, the presumption of openness and transparency prevails in bankruptcy proceedings. The media is dated May 3 in his submission argued that the list of creditors should be made public in the event of a company’s bankruptcy. “But there is no legal basis for giving crypto users the opportunity to participate in bankruptcy proceedings anonymously.”
FTX customers have previously argued that they are vulnerable if their personal information is made public. Unfortunately, the crypto sector is already full of frauds and scams, and there is no shortage of new problems for debtors. A security expert at FTX said in an affidavit that FTX customers are likely to be targeted by fraud. Malicious actors can pretend to be trusted FTX intermediaries who promise to recover lost funds if unsuspecting victims transfer money to a specified wallet address or bank account.
And artificial intelligence platforms like ChatGPT can make customers even more vulnerable.
Fraudsters can use the names of FTX customers to find out other personal information regarding them.
Customers at Celsius, another failed crypto company, have already been targeted in this way because once names are known, fraudsters can use that to find out other personal information regarding their targets.
“These examples of phishing attacks targeting Celsius customers ranged from simple attempts to connect through messaging apps to sophisticated emails posing as legal advisors using Celsius logos to bombarding victims.”
1683212319
#mainstream #media #names #million #FTX #customers
