FTX used Python code to fake its insurance fund figure — Gary Wang
FTX’s so-called “Backstop Fund” figure was a big lie, according to the crypto exchange’s former chief technology officer.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
FTX’s so-called “Backstop Fund” figure was a big lie, according to the crypto exchange’s former chief technology officer.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
A Solana wallet tested a fake address with $10, then sent it $30,750
Lookalike payment addresses targeted nearly 4.5 million Solana wallets over 11 months, according to blockchain-data firm Bitquery’...
XRP ETFs extend a 13-week inflow streak as Bitcoin, Ethereum and Solana funds shed $1.25 billion
US-listed XRP ETFs extended their inflow streak to 13 weeks as Bitcoin, Ethereum and Solana funds suffered nearly $1.25 billion in...
Brazil’s BRL 22T CSD BR Moves Fund Records to XRP Ledger in Live Tokenization Push
Key Takeaways: CSD BR is leveraging the XRP Ledger to reflect real-time fund holdings. Over BRL 22 trillion in registered assets i...
Bitcoin hedge funds face a liquidation trap when their collateral is split across markets
Here's a hypothetical situation: a hedge fund is making money, but one of its exchanges is about to liquidate its position anyway....
Bain Capital Leads $37.5M Investment in Bitcoin Life Insurance Firm
Bitcoin-denominated life insurer Meanwhile raised $37.5 million in new funding led by Bain Capital Crypto, bringing its total capi...
OSL tokenizes 2WA USDGO Plus SP fund on Solana, handling custody
Tokenizing traditional funds on blockchain could revolutionize finance by enhancing liquidity, transparency, and merging digital w...