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Former Assistant Director of the United States Secret Service Office of Investigations, Jeremy Sheridan, has warned that FTX customers could face physical harm and online scams if their personal information is leaked.
The crypto exchange failed, and its debtors are requesting that certain confidential information be withheld. Sheridan argued that revealing the names of customers could provide potential attackers with an itemized list of vulnerable targets, making crypto holders with large amounts of crypto, in particular, susceptible to fraud.Sheridan cited several examples of common online scams such as building fake business and romantic relationships, SIM swaps, and phishing attacks. He warned that perpetrators of fraud and online attacks are emboldened by high-profile cases like the FTX bankruptcy.FTX debtors released a list of creditors in January, but the roughly 10 million users' names and personal information were redacted. Bloomberg and The New York Times have objected to the redaction, claiming that the press and public had a "right of access" to the information. However, Judge John Dorsey extended the time that customer information could be redacted until April 20th, citing concerns that users could be put "at risk" with their names going public.The potential release of customers' personal information has raised concerns among FTX users and the wider crypto community. Protecting user information is crucial to prevent fraud, theft, and other malicious activities. The matter is scheduled for a May 17th hearing, and we will be closely monitoring developments.
The crypto exchange failed, and its debtors are requesting that certain confidential information be withheld. Sheridan argued that revealing the names of customers could provide potential attackers with an itemized list of vulnerable targets, making crypto holders with large amounts of crypto, in particular, susceptible to fraud.Sheridan cited several examples of common online scams such as building fake business and romantic relationships, SIM swaps, and phishing attacks. He warned that perpetrators of fraud and online attacks are emboldened by high-profile cases like the FTX bankruptcy.FTX debtors released a list of creditors in January, but the roughly 10 million users' names and personal information were redacted. Bloomberg and The New York Times have objected to the redaction, claiming that the press and public had a "right of access" to the information. However, Judge John Dorsey extended the time that customer information could be redacted until April 20th, citing concerns that users could be put "at risk" with their names going public.The potential release of customers' personal information has raised concerns among FTX users and the wider crypto community. Protecting user information is crucial to prevent fraud, theft, and other malicious activities. The matter is scheduled for a May 17th hearing, and we will be closely monitoring developments.