Gary Wang

FTX’s Faux Insurance Fund Revealed By Python Code: Report
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 […]

Oct. 9, 2023