Yeah, you’re right. If these were just decisions that seemed individually rational, I don’t see why so few of them were aware that these decisions were made. It’s definitely suspicious.
To conceal the transfers of customer funds to Alameda, Wang, a former Google software developer, built a backdoor in FTX’s book-keeping software, the people said.
Bankman-Fried often told employees tasked with monitoring the company’s financials that the book-keeping system was “the ultimate source of truth” about the company’s accounts, two of the people said. But the backdoor, known only to his most trusted lieutenants, allowed Alameda to withdraw crypto deposits without triggering internal red flags, they said.
This also sounds more like an explicit backdoor built into a system, but not totally conclusive.
Yeah, you’re right. If these were just decisions that seemed individually rational, I don’t see why so few of them were aware that these decisions were made. It’s definitely suspicious.
From Reuters:
This also sounds more like an explicit backdoor built into a system, but not totally conclusive.