News for hackers. Stuff that matters.

A comment on FTX Tapped into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall. Parent comment

Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by exolymph on Thursday November 10, 2022 @05:00PM (#33554082)
Well, they at least had compliance staff. "Most of FTX's legal and compliance staff quit Tuesday evening, people familiar with the matter told Semafor, leaving few executives who could answer questions that now loom large over the firm." https://www.semafor.com/article/11/09/2022/ftx-legal-and-com...

Pretty much every large exchange has a compliance team, btw, at least the ones with US operations.

[ Parent | on HN ]
Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by Panzer04 on Thursday November 10, 2022 @06:48PM (#33555357)
I mean, would you stay around to answer those sticky questions? They demonstrably failed at their only job.
[ Parent | on HN ]