FTX users are currently facing a deceptive priority withdrawal scam that demands immediate attention. Reports have flooded in about deceptive emails, supposedly from FTX Trading, West Realm Shires Services, and FTX EU, creating a sense of urgency among account holders.

Sunil’s Warning

Renowned X user and FTX creditor advocate Sunil has taken to social media to sound the alarm. In a recent post, Sunil cautioned FTX account holders about the phishing scam. He also strongly advised against clicking on any dubious links.

Sunil’s X post sheds light on the ever-evolving tactics employed by online scammers, emphasizing the need for heightened awareness among FTX users.

Deceptive Emails Exploiting Legal Disputes

FTX users have reported receiving deceptive emails from FTX Trading, West Realm Shires Services, and FTX EU. These emails falsely promise FTX creditors an exclusive opportunity for immediate asset withdrawals, sidestepping waiting periods and legal proceedings.

An example of a fraudulent email circulating in this scam reads:

“We are excited to offer the valued priority clients of FTX Trading Ltd., West Realm Shires Services Inc., and FTX EU Ltd., a special opportunity starting today, Oct. 20, 2023. As a priority client, you can now undergo the withdrawal process for your assets on the FTX platform and deposit them directly into your wallet, eliminating any waiting period and court outcomes.”

Targeting Users Amid Ongoing Legal Disputes

Notably, the scam has surfaced amid ongoing legal disputes involving Sam Bankman-Fried, the former CEO of the exchange. The timing suggests a deliberate attempt to exploit the uncertainties surrounding FTX’s legal proceedings.

The emergence of this scam follows a significant milestone for FTX creditors, who recently announced the resolution of customer property disputes. While awaiting approval from a bankruptcy court, the revised plan promises substantial relief for FTX’s global customer base. Also, customers are expected to receive over 90% of the distributable value.

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