FTX creditors have launched a class action lawsuit against Kroll Restructuring Administration, the firm managing claims for the bankrupt crypto exchange.

The suit, filed on Aug. 20 by US-based Hall Attorneys, alleged that Kroll’s handling of claims for FTX, BlockFi, and Genesis customers caused financial harm and exposed sensitive information to cybercriminals.

According to the lawsuit, Kroll knew emails were unsafe, as it consistently warned about phishing risks after it suffered a data breach incident in August 2023.

At the time, an unauthorized party gained access to a Kroll employee’s mobile number, which allowed entry into Kroll’s systems and exposure of creditor data, including names, addresses, email contacts, and some FTX account balances.

However, the firm reportedly continued to send critical notices solely via email, leaving claimants vulnerable to scams and phishing attacks.

Notably, Sunil Kavuri, a prominent FTX creditor, confirmed that phishing emails have become a daily concern for the defunct exchange’s users. He noted receiving a fraudulent message containing his full name just hours before posting about it on X.

Meanwhile, the lawsuit claims Kroll’s approach also caused verification delays, lockouts, and, in certain cases, the loss of claims by FTX creditors.

Considering this, Nicholas Hall, the lead counsel on the case, urged FTX creditors to join the legal battle. According to him:

“All creditors are encouraged to participate; it’s for both US and Bahamas customer-creditors.”

He also pointed out that the suit seeks compensation for losses related to phishing attacks, delayed claims, and expunged filings. Hall said:

“[FTX creditors could get] monetary relief for eligible class members (for example, up to $750 or actual damages for California victims, but depends on class, residency, etc.).”

Beyond monetary relief, plaintiffs are demanding practical reforms, including multi-channel communications through both email and First-Class Mail, status-change notifications with mandatory response periods, a manual tax-form option, and stricter security controls for account changes, such as mailing verification codes before permitting updates.

Additional demands include deliverability safeguards and independent audits to strengthen data protection.

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Tens of thousands of Americans are staring at the possibility of fraud after thieves stole their information from a healthcare firm.

In a notice to the Office of the Maine Attorney General, the Arkansas-based Highlands Oncology Group says 113,575 Americans are impacted by a massive cybersecurity incident.

In a data incident notice posted on its website, Highlands says that an unauthorized entity gained access to its systems and stole files that may include patients’ names, dates of birth, Social Security numbers, driver’s license/state identification numbers, passport numbers, credit/debit card numbers, financial account numbers, medical treatment records, medical record numbers, patient account numbers,  and/or health insurance policy records.

“Highlands Oncology Group PA recently discovered a data incident that may have involved the personal information for certain individuals. On June 2, 2025, Highlands discovered it was the victim of a cyber-attack, and certain Highlands files and systems were inaccessible…

The forensic investigation determined that an unauthorized third party accessed Highlands’ computer network at times between January 21, 2025, and June 2, 2025, and encrypted some of its files. The investigation also determined that the third party may have accessed and acquired certain files from Highlands’ systems during this period.”

Highlands offers a full spectrum of cancer care services, including chemotherapy, radiation oncology, surgical oncology, as well as supportive services like rehabilitation, massage, lymphedema therapy, genetic counseling and pharmacy.

The firm says it has sent letters of notification to affected individuals, while offering complimentary identity theft protection services for those whose Social Security numbers, driver’s license or state ID numbers were involved in the incident.

Highlands is encouraging patients to stay vigilant by reviewing their account statements and reporting any suspicious activity that could suggest fraud or identity theft.

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Coinbase’s legal team says the exchange’s recently disclosed data breach impacted 69,461 people.

A filing with the Maine Attorney General’s Office outlines the massive scope of the breach, which happened in late December but was not discovered by Coinbase until earlier this month.

The exchange says criminals bribed a small group of overseas customer support agents to copy the data of less than 1% of the firm’s monthly transacting users.

Coinbase notes that hacked information includes names, addresses, phone numbers, email addresses, masked social security numbers (the last 4 digits only), masked bank-account numbers, some bank account identifiers, government-ID images, account data and limited corporate data. The exchange says impacted customers were notified by email on May 15th.

Coinbase learned about the hack after receiving an email earlier this month demanding a $20 million Bitcoin (BTC) payoff in exchange for not releasing the illegally obtained info. The company refused to give in to the hackers’ demand and estimates it will pay $180 million to $400 million in remediation costs and voluntary customer reimbursements.

In a video posted to the social media platform X, Coinbase chief executive Brian Armstrong promised the exchange would pay back impacted customers, increase cyberattack defenses and relocate certain overseas customer support operations.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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