{"id":19727,"date":"2023-01-12T09:37:36","date_gmt":"2023-01-12T09:37:36","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/uk-investor-reported-losing-1m-in-ftx-collapse"},"modified":"2023-01-12T10:36:05","modified_gmt":"2023-01-12T10:36:05","slug":"uk-investor-reported-losing-1m-in-ftx-collapse","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/uk-investor-reported-losing-1m-in-ftx-collapse","title":{"rendered":"UK investor reported losing \u00a31m in FTX collapse"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>A UK investor told a fraud and cybercrime hotline they had been scammed out of \u00a31m by failed cryptocurrency exchange FTX, a Freedom of Information (FOI) request reveals.<\/b><\/p>\n

The unnamed individual was one of 13 in the UK who complained to Action Fraud about FTX during November.<\/p>\n

Eight were male, three female, with the gender of two listed as “unknown”. One was aged 10-19, another in their 70s.<\/p>\n

In total, victims claimed losses of \u00a31,162,334, the FOI reveals.<\/p>\n

Many cryptocurrency investors used FTX as a place to store funds. It owes money to more than a million individuals and companies globally, bankruptcy-court filings suggest. Of those, about 80,000 are thought to be in the UK.<\/p>\n

The FOI data was compiled by searching reports made in November to Action Fraud, run by the City of London Police, for the text “FTX”.<\/p>\n

Many more complaints may have come in subsequently, said the Investing Reviews website, which put in the FOI request.<\/p>\n

But those with money in FTX were unlikely to be repaid, Investing Reviews chief executive Simon Jones said.<\/p>\n

“The Financial Conduct Authority has been at pains to warn investors about the dangers of cryptocurrency – so if you’re tempted, make sure you don’t put all your eggs in one basket,” he said.<\/p>\n

FTX declared bankruptcy on 11 November but concerns about it had escalated rapidly earlier that month.<\/p>\n

Its former head Sam Bankman-Fried was arrested in December.<\/p>\n

He has pleaded not guilty to charges of defrauding investors but two close colleagues have admitted offences and are co-operating with the investigation.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. A UK investor told a fraud and cybercrime hotline they had been scammed out of \u00a31m by failed cryptocurrency exchange FTX, a Freedom of Information (FOI) request reveals. The unnamed individual was one of 13 in the UK who complained to Action Fraud about FTX during November. Eight were male, three female, […]<\/p>\n","protected":false},"author":84,"featured_media":19726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,237,234],"class_list":["post-19727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nUK investor reported losing \u00a31m in FTX collapse - Botswana<\/title>\n<meta name=\"description\" content=\"A UK investor told a fraud and cybercrime hotline they had been scammed out of \u00a31m by failed cryptocurrency exchange ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/uk-investor-reported-losing-1m-in-ftx-collapse\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK investor reported losing \u00a31m in FTX collapse\" \/>\n<meta property=\"og:description\" content=\"A UK investor told a fraud and cybercrime hotline they had been scammed out of \u00a31m by failed cryptocurrency exchange ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/uk-investor-reported-losing-1m-in-ftx-collapse\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-12T09:37:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-12T10:36:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/01\/postQueueImg_1673502416.84.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"976\" \/>\n\t<meta property=\"og:image:height\" content=\"549\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/uk-investor-reported-losing-1m-in-ftx-collapse#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/uk-investor-reported-losing-1m-in-ftx-collapse\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"UK investor reported losing \u00a31m in FTX collapse\",\"datePublished\":\"2023-01-12T09:37:36+00:00\",\"dateModified\":\"2023-01-12T10:36:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/uk-investor-reported-losing-1m-in-ftx-collapse\"},\"wordCount\":277,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/uk-investor-reported-losing-1m-in-ftx-collapse#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/01\/postQueueImg_1673502416.84.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/uk-investor-reported-losing-1m-in-ftx-collapse#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/uk-investor-reported-losing-1m-in-ftx-collapse\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/uk-investor-reported-losing-1m-in-ftx-collapse\",\"name\":\"UK investor reported losing \u00a31m in FTX collapse - 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