Some U.S.-based employees of FTX reportedly knew that the exchange had a backdoor that allowed Alameda to withdraw customers’ funds, The Wall Street Journal (WSJ) reported on Oct. 5.
According to the report, the employees stumbled upon this backdoor while examining the feasibility of replicating the code used by FTX International for FTX US. These employees were part of the LedgerX team, which FTX acquired in 2021.
After discovering the backdoor, Julie Schoening, the Chief Risk Officer at LedgerX, brought it to the attention of Zach Dexter, the company’s CEO. Dexter reportedly forwarded this information to Nishad Singh, Director of Engineering at FTX. Despite the discovery, the issue was not fixed. However, WSJ added that the issue eventually led to Schoening’s retrenchment in August 2022.
Meanwhile, a statement from LedgerX’s new owners, Miami International Holdings, denied that their employees knew of the backdoor. They wrote:
“Following a thorough internal investigation, L
We współpracy z: https://cryptoslate.com/ftx-backdoor-reportedly-discovered-by-us-based-employees-wsj/
