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Absolutely the latter. My surprise comes more from FTX seemingly not even trying to do some kind of key protection scheme; it seems as though they made it easy
by woodruffw 4y ago
Absolutely the latter. My surprise comes more from FTX seemingly not even trying to do some kind of key protection scheme; it seems as though they made it easy for this seizure to happen. To my mind, this speaks large volumes about the quantity of misplaced confidence in these firms.
- zeven7 4y agoThey made it easy to move the funds around on purpose, so that they could move the funds around any time they wanted. "They" being a very small handful of people, maybe just SBF himself, maybe a couple others. They didn't want it to be hard to move funds because that would require more accountability. Accountability was the last thing they wanted.