Sam Bankman-Fried, the former CEO of FTX, thinks that the person who hacked FTX may have been a former staff member.
In an interview with Tiffany Fong, SBF stated that it prioritizes withdrawals in the Bahamas.
Sam Bankman-Fried Identifies Suspects
The SBF said that the person who snatched $650 million the night of the bankruptcy filing could be a former employee of the exchange:
“I narrowed the list down to eight people. I don’t know which one”
According to the SBF, the attacker could be either a former FTX employee or someone who installed malware on a former employee’s computer.
SBF said that FTT’s downfall was not directly related to any margin call.
After facing a liquidity crisis, FTX had to admit that the exchange did not hold one-on-one client funds.
SBF said it was a priority for withdrawals in the Bahamas because he lived there:
“It was critical that the stock market have a future. You don’t want to be in a country with a lot of angry people.”
SBF admitted it was “shit” that it prioritized users in its country of residence for its own safety and the future of its bankrupt company.
“The way forward for FTX was through the Bahamas not reacting to it”
Sam Bankman-Fried also denied allegations that FTX had set up a “backdoor” in its system to attract $10 billion worth of funds to Alameda Research.
“I don’t even know how to code”
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