borrow
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An FTX lawyer told the Delaware bankruptcy court that SBF asked FTX cofounder Gary Wang to create a secret backdoor to let Alameda borrow $65B of clients' money (Pete Syme/Insider)
Pete Syme / Insider: An FTX lawyer told the Delaware bankruptcy court that SBF asked FTX cofounder Gary Wang to…
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The SEC says a secret change to FTX code allowed Alameda to borrow FTX funds irrespective of the collateral value, giving a "virtually unlimited line of credit" (Reuters)
Reuters: The SEC says a secret change to FTX code allowed Alameda to borrow FTX funds irrespective of the collateral…
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