SBF phishing: Fake Sam Bankman-Fried video attempts to scam FTX investors on Twitter
A fake video impersonating FTX’s former chief executive Sam Bankman-Fried was published on Twitter in an attempt to lure users to a fake crypto giveaway and phising scam.
The account posted a “deepfake” video of Bankman-Fried with new audio dubbed over his speaking in what appears to be offering “compensation” for FTX users who lost their funds during the fallout of the exchange.
Deepfake videos typically use artificial intelligence to replace one person’s likeness in a video with that of another.
“Hello everyone. As you know our exchange is going bankrupt. But I hasten to inform all users that you should not panic,” the fake Bankman-Fried-esque video said. It added:
The phishing attempt was apparently posted via a verified Twitter Blue account, giving the impression that the account was in fact legitimate.
Over the weekend, a verified account posing as FTX founder SBF posted dozens of copies of this deepfake video offering FTX users "compensation for the loss" in a phishing scam designed to drain their crypto wallets pic.twitter.com/3KoAPRJsya
— Jason Koebler (@jason_koebler) November 21, 2022
FTX chaos continues
The fallout of FTX has continued to unfold as it was revealed the cryptocurrency exchange owes more than $3bn to its 50 largest creditors, according to documents filed to the US Bankruptcy Court for the District of Delaware.
FTX, which was once valued at $32bn, filed for Chapter 11 bankruptcy protection on 11 November after pausing withdrawals and leaving almost one million customers unable to access their funds.
FTT to USD
At the same time of the Chapter 11 filing, Bankman-Fried also resigned from his role as CEO, but has continued to be vocal on Twitter about his attempts to “make customers whole again” and help retrieve customer funds
Less than three years after it was founded, FTX’s collapse has left many customers out of pocket and has since shaken consumer confidence in the crypto market.
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