It has been confirmed by Reuters that SBF implemented a backdoor into FTX's accounting software, allowing him to move over $10 billion without alerting anyone.
They said the "backdoor" allowed Bankman-Fried to execute commands that could after the company's financial records without alerting other people, including external auditors. This set-up meant that the movement of the $10 billion in funds to Alameda did not trigger internal compliance or accounting red flags at FTX, they said.
No one currently know's the whereabouts of SBF. There are rumors circulating Twitter that he boarded a private jet to Argentina late last night but those are unconfirmed.
Submitted November 12, 2022 at 06:18PM by Mrezzi https://ift.tt/0tbD6Fp https://ift.tt/oCpFjeO
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