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Plaid is a fintech company that facilitates communication between financial services apps and users’ banks and credit card providers.
In the case of FTX.US, its products allow users to allow FTX.US customers to connect their bank accounts to the FTX app. This will allow FTX.US to request payments processed by her ACH network.
In a pinned tweet on Nov. 12, Plaid announced We suspended access to Plaid products on FTX at approximately 6:30 AM UTC on November 12th. This means that “FTX can no longer obtain financial information through Plaid.”
Plaid terminated access to FTX’s Plaid products on November 11, 2022 at 10:30 PM PT. FTX no longer obtains financial information through Plaid.
To make it as easy as possible for end users, we have compiled the following FAQs. https://t.co/QbyNtXUH5r
Plaid (@Plaid) November 13, 2022
In a previous tweet, Plaid Said While the suspension was due to “public reporting,” it said, “There is currently no indication that Plaid has been used as a vehicle for misconduct.”
On November 12th, a Twitter user report FTX.US attempts to access your account through Plaid. Reports so far only suggest that user data has been accessed, and so far there have been no reports suggesting that funds have been removed.
PS: If you have a bank account linked to FTX US, please change your bank account password and stop sharing your data immediately.
Below is a screenshot of my bank account.They tried to access him 40 minutes ago pic.twitter.com/sdnaUFEzOW
Mike McGuinness (@mikemcg0) November 12, 2022
Some warn you to change your bank account password immediately and revoke access to Plaid.
If you have connected Plaid/Stripe to FTX, immediately revoke access to your bank account.
For Chase, it’s under Security & Privacy, at least on FTX US, it’s listed as “MX Technologies.” pic.twitter.com/lwsuF4iPTQ
Birch (@BitcoinBirch) November 12, 2022
In the FAQ, Plaid also was suggested Some of these access requests may be part of automated financial information checks that Plaid periodically performs.
It also reiterates that FTX has not been able to retrieve information from Plaid accounts since suspending access.
A financial technology provider that allows FTX.US users to link their bank accounts to the FTX app has suspended access to the US-based exchange’s products, citing “public reporting” of fraudulent activity. did.
