Former FTX chief technology officer Gary Wang said that the exchange used random numbers to falsify the value of its supposedly $100 million insurance fund.

According to testimony from Gary Wang, co-founder, FTX, a crypto exchange, used hidden Python code to misrepresent the value of its insurance fund a pool of funds meant to prevent user losses ...

Crypto exchange FTX used hidden Python code to misrepresent the value of its insurance fund, according to court testimony by FTX co-founder, Gary Wang.