FTX’s official X account issued a warning about a phishing campaign targeting users waiting for bankruptcy dividends. This warning comes amid reports of fraudulent emails impersonating Kroll Restructuring Administration and FTX Recovery Trust.
In a post, FTX warned complainants to remain wary of phishing emails that appear to come from Kroll or the FTX Recovery Trust.
The company also advised users to be wary of fraudulent websites imitating the official FTX customer portal (https://claims.ftx.com/). FTX emphasized that it will never ask users to connect to their wallets.
Fake “distribution update” emails are circulating
The scam email, which appears to come from “Kroll Settlement Advisory” or “Digital Disbursements,” claims that FTX customers can collect between 118 and 142 percent of their invoice amount on the filing date. Victims were lured to click on links such as clientid-ftxclaims.com and other spoofed domains that mimic the legitimate FTX claims portal.
One of the fake messages is:
“Kroll, FTX’s Chapter 11 Reorganization Administrator, is preparing the distribution…To access your funds, please check your email for an email from our trusted partner, Digital Disbursements.”
Another message incorrectly confirms eligibility for “second FTX distribution scheduled for September 30, 2025.”
Related: $1.6 billion payment to FTX creditors set for September 30th: what to expect
FTX prompts users to confirm all communications
FTX and Kroll have repeatedly reminded claimants that official communications only occur from verified domains and that distribution access occurs directly through the official portal https://claims.ftx.com/.
We recommend that users:
- Avoid clicking links in spam emails
- Double-check the sender address and domain name
- Please report suspicious messages to the official FTX support team
Notably, this warning follows continued efforts to complete repayments to creditors.
FTX releases $1.6 billion to creditors in third payment round
On September 30, FTX distributed $1.6 billion to creditors as part of the third payment under its Chapter 11 reorganization plan.
Eligible creditors—those who completed identity verification, tax forms, and selected a payment provider (BitGo, Kraken, or Payoneer)—were supposed to receive their funds within one to three business days. This round includes:
- Dotcom customers: +6% (total collection rate 78%)
- US customers: +40% (95% total recovery rate)
- Unsecured and loan claimants: +24% (total recovery rate 85%)
- Convenience biller: 120% full recovery
Future payments require verification and onboarding via the FTX Customer Portal. Only registered claimants can receive distributions.
FTX will begin the payment process after a court-approved reorganization in October 2024 and aims to return up to $16.5 billion to creditors. Including the September 30th round, more than $7.8 billion has now been distributed.
Related: FTX $1.6 billion payment to creditors September 30th will be next liquidity test for cryptocurrencies
Disclaimer: The information contained in this article is for informational and educational purposes only. This article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the use of the content, products, or services mentioned. We encourage our readers to conduct due diligence before taking any action related to our company.
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
