Read “Alameda could borrow unlimited amount of customer funds from FTX” on SmartNews: https://l.smartnews.com/NPkqz/AgMKo9
Meanwhile, Gary Wang – the co-founder of FTX – has decided to follow the path chosen by Caroline Ellison. Wang too pleaded guilty to committing fraud and is now cooperating with law enforcement agencies. During his plea hearing, Wang admitted to having made changes to FTX’s code, which gave Alameda access to FTX’s funds. However, he stated that this was done under the directions of someone, but did not reveal the identity.
Remember when I blogged and Podcasted to ignore MARTIAN NO SPACE X AND HIS CRYPTO SHIT… Losing to CRYPTO is much worse than losing to wall street… a simple twitch of code, backdoor coding transferring currencies from a frame state to a cash state without interfering with the represented state, you are indeed suckers willingly subjecting yourselves… Don’t tell me mass ignorance is not a curse, it is one of the reasons I always ask for your support…my readers, mass ignorance oppressed… and I know this oppression…
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