FTX employees reportedly discovered a secret "backdoor" that Alameda Research used to withdraw billions of dollars from the cryptocurrency exchange before its collapse. The employees found this backdoor months before the collapse, according to sources. The discovery was made by FTX employees, who allegedly found that Alameda Research had used this backdoor to withdraw customer funds. The report comes from the Wall Street Journal, which obtained exclusive information about the incident. The backdoor allowed Alameda Research to withdraw around $65 billion from FTX. This news is significant as it sheds light on the alleged misconduct and potential fraud involving Alameda Research and FTX.
Months before FTX’s collapse, some employees discovered the “backdoor” that Alameda Research allegedly used to withdraw billions of customer funds from the cryptocurrency exchange, sources say https://t.co/EpGJlK31iK
WSJ News Exclusive: Months before FTX’s collapse, some employees discovered the “backdoor” that Alameda Research allegedly used to withdraw billions of customer funds from the cryptocurrency exchange, sources say https://t.co/03biOv443C https://t.co/03biOv443C
FTX Employees Discovered Alameda's $65 Billion Backdoor Months Before Collapse https://t.co/DdFfMVCE2u
ICYMI: FTX employees discovered Alameda’s $65 billion backdoor months before collapse: WSJ https://t.co/eMbzepIWRJ
FTX Workers Knew About Alameda’s Backdoor into Customer Funds: Report https://t.co/2T4eTtIZxD https://t.co/uC8o97HWnn
FTX employees discovered Alameda's $65 billion backdoor months before collapse: WSJ https://t.co/eyYnXcYRln
FTX Employees Found Alameda’s Secret Backdoor Months Before Collapse | The “Bezzle” https://t.co/bkOkiHyWox