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Monday, November 14, 2022

FTX is the biggest collapse of a corporation since 2008 and the CEO responds with a 1 word tweet stating “what.”

FTX is the biggest collapse of a corporation since 2008 and the CEO responds with a 1 word tweet stating “what.”

This comes after $10 billion+ in lost funds, a suspicious hack on a Friday night and reports of SBF attempting to flee.

It was also revealed that ”FTX had a secret “backdoor” built into its accounting software by SBF.” This route was used to move assets in the billions of dollars without triggering alerts to staff and external auditors.

Crypto markets will never be the same as the fallout of FTX is rising worries among legislators



Submitted November 13, 2022 at 10:25PM by polloponzi https://ift.tt/cvR2epu https://ift.tt/lr4MIvP

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/1PoGVap
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