FTX warns users to beware of phishing emails and fake websites impersonating FTX debtors

FTX issued a reminder on X: Please pay attention to phishing emails that look like they are from FTX debtors, and fraudulent websites that impersonate FTX debtors' online claims portals. Please note that FTX debtors will never ask users to connect their wallets. Earlier today, it was reported that FTX and the U.S. Commodity Futures Trading Commission (CFTC) have agreed to a $12.7 billion settlement, which is currently awaiting approval from a Delaware judge. According to court documents filed with the Delaware Bankruptcy Court on July 12, the two companies have been negotiating for the past few months. As part of the settlement, the CFTC agreed that as long as FTX complies with the reorganization plan, the CFTC will not collect any compensation. As a result, FTX will pay up to $12.7 billion in compensation to creditors, depending on available funds. A hearing on the settlement motion will be held on August 6.