Singapore police warn investors against FTX phishing scams: Report

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Singapore police warn investors against FTX phishing scams: Report
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An estimated 1 million creditors and investors were affected by the FTX collapse. Those desperate to get their funds back are being targeted by phishing scams.

, claiming that customers “would be able to withdraw their funds after paying legal fees.”

The police said the website was a phishing scam designed to fool unsuspecting users into giving away their private information. Local authorities have also warned against fake online articles that promote cryptocurrency auto trading programs in the country, which appear to have proliferated recently. These articles often feature prominent Singaporean politicians, such as parliament speaker Tan Chuan-jin.

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