Kroll, a financial advisory firm, is being sued after a data breach exposed personal information of creditors linked to FTX, BlockFi, and Genesis. The breach, which occurred in August 2023, has raised concerns about security in the crypto industry.

Editor’s Note: This situation highlights the ongoing vulnerabilities in the cryptocurrency sector, especially regarding data protection. As more firms face scrutiny over their security measures, it raises questions about trust and safety for investors and users in the crypto space.

FTX creditors are suing Kroll, alleging they received phishing emails after a data breach in August 2023 exposed their information.

Editor’s Note: This situation highlights the ongoing risks associated with data breaches and the potential for scams targeting affected individuals. It raises concerns about the security of personal information and the responsibilities of companies in protecting their clients.