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.

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 ...

FTX users that have connected their accounts with 3Commas and receive a message regarding their API being “invalid” or “requires updating” must create new API keys.

Cryptocurrency exchange FTX has agreed to reimburse victims of this weekend's phishing attack with as much as $6 million.

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.

Cryptocurrency exchange FTX has agreed to reimburse victims of this weekend's phishing attack with up to $6 million, according to the exchange's CEO, Sam Bankman-Fried.