The size of the “backdoor” that Sam Bankman-Fried (SBF), the founder of the bankrupt cryptocurrency exchange FTX, ordered Gary Wang to be installed, was announced to be tens of billions of dollars.
FTX’s lawyer Andrew Dietderich At the January 11 hearing, SBF granted Gary Wang for the use of FTX’s client funds Alameda Research. a hidden line of credit the subject of creating on the agenda again brought. According to the explanations, the funds transferred over this limit could not be detected on the network and the debt operations could not be to keep secret was providing.
Dietderich at the trial did not reveal his size, although it had been discussed many times before. also revealed the size of this unpredictable back door. According to the lawyer’s statements, the credit line that Gary Wang hides between the software 65 billion was dollars.
About allegations made against FTX founder SBF did not comment. However, in a recent blog post, FTX client assets not embezzling money and his personal wealth being used for FTX victims. that you consent had expressed.