{"id":24004,"date":"2023-01-13T09:27:33","date_gmt":"2023-01-13T09:27:33","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/uk-investor-reported-losing-1m-in-ftx-collapse"},"modified":"2023-01-13T09:48:19","modified_gmt":"2023-01-13T09:48:19","slug":"uk-investor-reported-losing-1m-in-ftx-collapse","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/uk-investor-reported-losing-1m-in-ftx-collapse","title":{"rendered":"UK investor reported losing \u00a31m in FTX collapse"},"content":{"rendered":"

Africa-Press – Lesotho. <\/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.<\/p>\n

The unnamed individual was one of 13 in the UK who complained to Action Fraud about FTX during November. Eight were male, three female, with the gender of two listed as \u201cunknown\u201d.
\nOne was aged 10-19, another in their 70s. In total, victims claimed losses of \u00a31,162,334, the FOI reveals. Many cryptocurrency investors used FTX as a place to store funds.<\/p>\n

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 \u201cFTX\u201d. 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. \u201cThe Financial Conduct Authority has been at pains to warn investors about the dangers of cryptocurrency \u2013 so if you\u2019re tempted, make sure you don\u2019t put all your eggs in one basket,\u201d he said.<\/p>\n

FTX declared bankruptcy on 11 November but concerns about it had escalated rapidly earlier that month. 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 Lesotho<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. 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":24003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,246,2114,245],"class_list":["post-24004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-lesotho","tag-ftx","tag-lesotho"],"yoast_head":"\nUK investor reported losing \u00a31m in FTX collapse - Lesotho<\/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 FTX ...\" \/>\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\/lesotho\/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 FTX ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/uk-investor-reported-losing-1m-in-ftx-collapse\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-13T09:27:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-13T09:48:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2023\/01\/postQueueImg_1673589496.36.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/uk-investor-reported-losing-1m-in-ftx-collapse#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/uk-investor-reported-losing-1m-in-ftx-collapse\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"UK investor reported losing \u00a31m in FTX collapse\",\"datePublished\":\"2023-01-13T09:27:33+00:00\",\"dateModified\":\"2023-01-13T09:48:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/uk-investor-reported-losing-1m-in-ftx-collapse\"},\"wordCount\":276,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/uk-investor-reported-losing-1m-in-ftx-collapse#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2023\/01\/postQueueImg_1673589496.36.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"FTX\",\"Lesotho\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/uk-investor-reported-losing-1m-in-ftx-collapse#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/uk-investor-reported-losing-1m-in-ftx-collapse\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/uk-investor-reported-losing-1m-in-ftx-collapse\",\"name\":\"UK investor reported losing \u00a31m in FTX collapse - 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