Surprising testimony revealed that the co-founder of cryptocurrency exchange FTX was ordered by Sam Bankman-Fried to create a backdoor

FTX co-founder Sam Bankman-Fried ordered the creation of a secret backdoor into Alameda Research

Surprising testimony revealed that the co-founder of cryptocurrency exchange FTX was ordered by Sam Bankman-Fried to create a “secret” backdoor to transfer funds to Alameda Research. FTX attorney Andrew Dietderich told the Delaware Bankruptcy Court on Wednesday that Gary Wang was asked to set up a secret line of credit for clients’ funds from FTX …

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