2min chapter

The Accounting Podcast cover image

2023 Predictions for the Accounting Profession

The Accounting Podcast

CHAPTER

Crypto as a Scam

The two other partners, Ellison and Wang, who were part of the FTX trail have played guilty. They wrote code to make exceptions to allow Alameda, who is basically like a customer of FTX, to have negative bank account balances. So they purposely had to write exceptions to their code to enable this fraudulent behavior. People are just down by saying what that means.

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