FTX's creditors are facing phishing attacks amidst the ongoing legal turmoil surrounding the collapse of the cryptocurrency exchange. These fraudulent emails promise expedited withdrawals for assets locked following the exchange's insolvency.

According to a report by Cointelegraph, these deceptive emails encourage creditors to transfer their crypto holdings to specified wallets, bypassing the protracted waiting period and the ongoing legal complexities of the bankruptcy proceedings.

Additionally, the fraudulent emails deceive creditors, stating that as "priority clients", they can expedite their crypto asset withdrawal process directly from the FTX platform. These malicious actions have prompted advocates for FTX creditors to issue a warning against clicking on any suspicious links.

Phishing Attacks and Hidden Donations

Notably, this isn't the first time FTX's creditors have been subjected to phishing schemes. In August, the exchange confirmed a security breach involving Kroll, its bankruptcy claims agent, which compromised the personal information of many customers.

These attacks occurred when FTX proposed a resolution that could enable users to recover approximately 90% of their assets starting next year. FTX's clients have recently reported receiving deceptive emails that falsely claim to be sent by FTX's entities, including FTX Trading, West Realm Shires Services, and FTX EU.

One example of such an email, as quoted by Cointelegraph, read: "We are excited to offer the valued priority clients of FTX Trading Ltd., West Realm Shires Services Inc., and FTX EU Ltd., a special opportunity starting today, Oct. 20, 2023. As a priority client, you can now undergo the withdrawal process for your assets on the FTX platform and deposit them directly into your wallet, eliminating any waiting period and court outcomes."

Meanwhile, new evidence revealed that Sam Bankman-Fried (SBF) and his associates donated a staggering $50 million during the 2022 US election to politically active nonprofit groups that keep their donors' names confidential, CNBC reported. These groups have links to prominent Senate leaders, such as Mitch McConnell and Chuck Schumer, among others.

Sam Bankman-Fried's 'Dark Money' Donations

SBF, FTX, and at least two former colleagues were major contributors to nonprofit organizations aligned with influential senators from both political parties. These organizations, commonly known as "dark money" groups, operate discreetly and do not disclose the identities of their donors.

SBF's political donations transcended party lines. He allegedly donated significant amounts to both Republican and Democratic-affiliated groups. For instance, he contributed $10 million to One Nation, a group linked to Mitch McConnell, using an Alameda Research account.

Besides that, he reportedly gave $8.5 million to Majority Forward, an organization aligned with Chuck Schumer. The prosecutors' documents cited by CNBC suggest that at least $6 million of this sum came from Alameda Research.