Bankman-Fried
Crypto
FTX’s Faux Insurance Fund Revealed By Python Code: Report
Ex-CTO calls FTX’s ‘Backstop Fund’ claim false, a significant deception in crypto exchange history. According to reports, FTX’s co-founder, Gary Wang, testified that concealed Python code distorted their insurance fund valuation. This fund is designed to safeguard users from significant liquidation events and potential losses. Furthermore, On October 6th, Gary Wang, ex-CTO of FTX, exposed […]