U.S. News

FTX Staff Found Alameda’s ‘Backdoor’ Before Exchange Imploded: Report

UNEARTHED

Sam Bankman-Fried is accused of stealing FTX customers’ money in a scheme partly enabled by the secret feature.

Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, U.S., August 11, 2023.
Eduardo Munoz/Reuters