Hey! this would make Nick Leeson and his 88888 account proud! We're going back to the 90s! ... bespoke software, lol... it's called "accountancy magic (tricks)" and it's as old as financial derivatives started to come into play...As much as $2 billion in FTX customers' funds has reportedly vanished from the collapsed crypto exchange
https://markets.businessinsider.com...ing-collapse-bankruptcy-bankman-fried-2022-11
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Last week, Bankman-Fried shared documents with other FTX executives that showed the missing funds, Reuters reported. The materials revealed a "back door" into the company's books built using bespoke software.
The sources said the "backdoor" allowed Bankman Fried to alter the company's financial records without alerting other people. That meant the transfer of $10 billion did not set off any alarms, they said.
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