Exclusive: At least $1 billion of client funds missing at #FTX

source: https://www.reuters.com/markets/currencies/exclusive-least-1-billion-client-funds-missing-failed-crypto-firm-ftx-sources-2022-11-12/

They said the "backdoor" allowed Bankman-Fried to execute commands that could alter the #company's financial records without alerting other people, including external auditors. This set-up meant that the movement of the $10 billion in funds to #Alameda did not trigger internal #compliance or accounting red flags at #FTX, they said.

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