A surprise in the process of withdrawing billions of dollars of customer funds on the bankrupt FTX platform.

The Wall Street Journal has confirmed that Alameda used a secret backdoor at FTX. The trading platform went bankrupt, withdrawing billions of dollars from customer funds. Some US-based employees of the trading platform were aware of this In the spring of 2022, a group of employees at LedgerX discovered a backdoor in the system that allowed Alameda Research. It is a third-party company that transfers customer funds.

Although concerns were raised about the “private law”, they were not addressed, and a senior manager was later fired. FTX employees became aware of the situation after LedgerX employees reported “special features” they had discovered.