🚀🇹🇷 Bomb claim in the crypto world! FTX co-founder Gary Wang shared more information about the corrupt relationship between Alameda Research and their exchange. Wang claimed that the feature necessary for Alameda to steal customer funds from FTX was built into FTX's computer systems in 2019. 😱🔍
- Alameda was given a "negative balance" feature that allows it to trade with more than the funds in its account.
- This feature led Alameda to withdraw $8 billion worth of fiat and cryptocurrency, more than the amount in his account.
- Wang said he knew Alameda had a negative balance since 2019.
Alameda had access to a massive $65 billion credit line from FTX. According to Wang, no other customer could access a loan larger than $1 billion. 🤯💰
What impact do you think this will have on the crypto world? We are waiting your comments! 🗣️👇
- Alameda was given a "negative balance" feature that allows it to trade with more than the funds in its account.
- This feature led Alameda to withdraw $8 billion worth of fiat and cryptocurrency, more than the amount in his account.
- Wang said he knew Alameda had a negative balance since 2019.
Alameda had access to a massive $65 billion credit line from FTX. According to Wang, no other customer could access a loan larger than $1 billion. 🤯💰
What impact do you think this will have on the crypto world? We are waiting your comments! 🗣️👇