In a shocking revelation, it has come to light that Sam Bankman-Fried,

In a shocking revelation, it has come to light that Sam Bankman-Fried, the CEO of F T X crypto exchange, ordered the creation of a "secret" backdoor that allowed his hedge fund Alameda Research to borrow $65 billion of clients' money without their permission. This information came to light through testimony in the ongoing case of the firm's implosion. According to attorney Andrew Dietderich, Gary Wang, the CEO of FTX, was instructed to create a secret line of credit using customer funds from FTX to Alameda. Dietderich testified that "Mr. Wang created this backdoor by inserting a single number into millions of lines of code for the exchange, creating a line of credit from FTX to Alameda, to which customers did not consent." This revelation is a major blow to the crypto industry, as it calls into question the integrity and trustworthiness of the companies operating within it. It also highlights the need for stricter regulations and oversight to ensure that customer funds are protected and that such unethical practices are not allowed to occur. The size of the unauthorized line of credit, a staggering $65 billion, has left customers and industry experts alike in shock and dismay. The situation is still ongoing and more information is expected to come to light. We will continue to update you on this developing story as it unfolds. #ftx #alamedaresearch #sambankmanfried Related searches: crypto news crypto billionaire dead crypto billionaires dying cryptography cryptorchidism cryptocurrency news cryptocurrency deaths crypto crash crypto crash today crypto trading crypto wallet mining crypto wallet for beginners crypto wallet finder crypto wallet mining crypto wallet coin crypto scammer crypto scam recovery fix exchange fix crypto exchange ftx crypto ftx token ftx binance ftx crash ftx alameda nas daily sam bank Friedman sam

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