Crypto Exchange FTX to Provide $6 Million Phishing Compensation

Digital-asset exchange FTX will provide about $6 million compensation to its account holders impacted by a phishing incident via a third-party website.

Crypto billionaire Sam Bankman-Fried, FTX’s chief executive officer, said on Twitter on Monday that the decision was a one-off as the firm won’t be “making a habit” of compensating users caught up in phishing efforts targeting non-FTX websites.