Some U.S.-based employees of FTX reportedly knew that the exchange had a backdoor that allowed Alameda to withdraw customers’ funds, The Wall Street Journal (WSJ) reported on Oct. 5.
According to the report, the employees stumbled upon this backdoor while examining the feasibility of replicating the code used by FTX International for FTX US. These employees were part of the LedgerX team, which FTX acquired in 2021.
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