While affected crypto investors are crying foul over the FTX collapse, some are mulling over the idea of making money from the situation. FTX2 is an attempt by a determined bad actor to take advantage of the affected investors.
Con artists know no bounds; they take advantage of various schemes luring the investing public into fraudulent crypto investments.
Last week Europol clumped down on crypto scammers based in Cyprus, Serbia, and Bulgaria for luring the public to invest over $2 million in bogus crypto investments and websites. The operation motivated the creation of a task force to deal with cross-border crypto scammers.
FTX2 is not FTXs second recovery plan but an ERC 20 token making rounds in the Ethereum ecosystem.
FTX2 background and details
Like any other infamous scam coin, the perpetrator behind the scam is luring the unsuspecting public by winning their trust through a fake airdrop allegedly from the FTX exchange.
FTX, once a reputable crypto exchange, made headwinds when it went bankrupt, leading to the loss of over $8 billion of customer funds.
In his first public interview on 19 January, the acting CEO of FTX, John Ray, told the Wall Street Journal that they would not hesitate to revive the exchange if it seemed plausible and that an internal task force was already working on the possibility. After the interview, FTT FTX’s naive currency surged 35%, signaling a ray of hope.
The FTX2 scam rides on the narrative by providing investors with false…
