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Several tweets are reporting that employees at FTX, a cryptocurrency exchange, discovered a secret backdoor allegedly used by Alameda Research, a trading firm, to withdraw billions of dollars from customer funds. The discovery was made months before FTX's collapse. The Wall Street Journal reported on this exclusive news, stating that some employees found the backdoor and raised concerns. The backdoor is said to be worth $65 billion. The tweets highlight the significance of this discovery and suggest that the CEO of FTX, known as SBF, may face legal consequences for the collapse.
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
Months Before Collapse, FTX Employees Discovered a Mysterious Backdoor https://t.co/h9Ieoan4bx
Gary Wang testifies against SBF: “We gave special privileges to Alameda Research” to withdraw unlimited funds from FTX
Alameda was given a whopping $65 BILLION line of credit on FTX, testified Gary Wang. "We allowed Alameda to withdraw unlimited funds." @sovereigntom digs deeper on SBF's former friend and 'genius' coder https://t.co/foglKJPUIC https://t.co/foglKJPUIC
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 co-founder Gary Wang testified in court that SBF allowed Alameda to execute orders faster on the FTX, have unlimited withdrawals of funds, and be allowed to maintain negative balances. When FTX crashed, Alameda had withdrawn $8 billion from the FTX and $65 billion from its… https://t.co/EGwO9BXRLX
FTX Employees Discovered Alameda's $65 Billion Backdoor Months Before Collapse https://t.co/DdFfMVCE2u
FTX co-founder Gary Wang testified during Sam Bankman-Fried's trial on Thursday, saying that company allowed Alameda to withdraw unlimited funds. https://t.co/PVEPF0TZeL
Months Before Collapse, FTX Employees Discovered a Mysterious Backdoor https://t.co/4X0jLDGCsR
FTX Insider Gary Wang: Sam Bankman-Fried Allowed Alameda to Withdraw Unlimited Funds ► https://t.co/sqGTka61Oj https://t.co/sqGTka61Oj
SBF LIVE: Gary Wang testifies against SBF: “We gave special privileges to Alameda Research” to withdraw unlimited funds from FTX https://t.co/MRtLNmy4Ez https://t.co/v5yrRonXDX
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
SBF is going to jail for a long time. FTX Employees Found Alameda’s Secret Backdoor Months Before Collapse https://t.co/rKXCSmgDR9
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
Sources: FTX employees in the US found and reported the backdoor Alameda used to allegedly withdraw billions in customer funds, months before FTX's collapse (Wall Street Journal) https://t.co/SUCEo9afFw 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/8mFUEYdNLK
Alameda Research used a secret backdoor in FTX to withdraw billions of dollars of customer funds, and some of the exchange's employees were aware https://t.co/J4UOZ9hUPY
FTX Employees Found Alameda’s Secret Backdoor Months Before Collapse - WSJ https://t.co/yOKyeaqzmN
Some of @FTX_Official's employees in the U.S. knew about the backdoor in the exchange that allowed Alameda Research to withdraw billions in customer funds, according to a report. By @JamieCrawleyCD. https://t.co/JOUwjN8VSt
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/4tLH84klqa
Months before the collapse of FTX, some of its US-based employees reportedly discovered the so-called backdoor that Alameda Research allegedly used to withdraw billions of dollars of customer funds from the cryptocurrency exchange - WSJ
🔸 FTX Employees Found Alameda’s Secret Backdoor Months Before Collapse The crypto exchange allowed Alameda to have a negative balance of up to $65 billion, prosecutors say 🔸 Months before the collapse of FTX, some of its U.S.-based employees discovered the so-called backdoor… https://t.co/L5d6igrxZl
⚠️ FTX Employees Found Alameda's Secret Backdoor Months Before Collapse, Sources Say -- WSJ 🔸 U.S. Team Found Code Giving Alameda Special Treatment on FTX in Spring 2022, Sources Say -- WSJ 🔸 Leader of FTX Team That Found Alameda's Secret Backdoor Was Fired in August 2022 --… https://t.co/2OZYGkCZXw