[Gary Wang: FTX used Python code to falsify its insurance fund numbers] Golden Finance reported that according to the testimony of FTX co-founder Gary Wang, the cryptocurrency exchange FTX used hidden Python code to misrepresent the value of its insurance fund, which was a A fund designed to protect users from losses in the event of mass liquidation. In a new testimony on October 6, FTX’s former chief technology officer Gary Wang said that FTX’s so-called $100 million insurance fund in 2021 was actually a fabrication and never included any FTX as claimed. Token (FTT). Instead, the numbers shown to the public are calculated by multiplying the FTX token’s daily trading volume by a random number close to 7,500.