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People will be going to jail for this. Do not take the short term view.


Let's keep out eyes on this. It is a super lurid scenario (to use a word introduced by @dang on this posting).

By "this" I don't mean the earlier bits of the FTX debacle, but specifically this draining event. The statement that "FTX apps are malware" is weird in that it implies they became malware a while back. I could see either hackers penetrating due to inadequate security, or insiders setting up for an opportune time. Until the crypto is tumbled, it will be possible to trace its movements. Perhaps it'll just get frozen somewhere to keep it inaccessible by FTX interests. Let's see how long it takes to determine and locate any suspects for this. I have no guess aa to that, but watching with interest.

Who says the Binance app won't turn into a threat at some point?


To be clear, even the FTX bankruptcy and the way it happened, not even taking this outflow/hack here into account, is jail worthy. The question is whether it falls under US jurisdiction and whether the defense lawyers can be paid enough to somehow avoid this, or postpone for a decade or so.


Oh yes. Some are asking whether this is Lehman or Enron (forgetting Worldcom) I expect this is a love child that we'll call "FTX".




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