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Re:FTX Lawyer Says ‘Substantial Amount’ of Crypto Firm’s Ass... by dragonwriter on Tuesday November 22, 2022 @01:16PM (#33708915)
FTX was deliberately set up to enable this by insiders and to make it hard to immediately attribute to any single actor. From the bankruptcy filing by the CEO brought in when SBF was moved out, their practices included “the use of an unsecured group email account as the root user to access confidential private keys and critically sensitive data for the FTX Group companies around the world,”
Re:FTX Lawyer Says ‘Substantial Amount’ of Crypto Firm’s Ass... by dieselgate on Tuesday November 22, 2022 @02:24PM (#33710049)
I've seen multiple references to this "unsecured group email account" - could anyone shine some light into what exactly that might mean: Is that an email account with no 2-factor auth or non-encrypted or something?
Re:FTX Lawyer Says ‘Substantial Amount’ of Crypto Firm’s Ass... by salawat on Tuesday November 22, 2022 @03:17PM (#33710860)
Basically, an account where multiple people know the credentials. It's the Spartacus effect.

One way to avoid a criminal conviction in the United States is to ensure the existence of reasonable doubt. Part of the reason people are told to never share passwords is that auth credentials are recognized as a form of self-repudiation. If only a limited number of people know the credentials, one of them has to be the perpetrator, if it's essentially common onowledge though we return to our technical, trivially auditable digital paper trail tracing back to a user-agent at best.

This is a move that a layman in the legal system would probably not have pursued. It is however, a great way to create plausible deniability. This'll probably backfire in the long run though. Judges and juries are touchy on that sort of thing.

Re:FTX Lawyer Says ‘Substantial Amount’ of Crypto Firm’s Ass... by fdgsdfogijq on Tuesday November 22, 2022 @03:40PM (#33711181)
If you look at how complex the org structure at FTX was, its clear there was sophisticated legal help (his parents).
Re:FTX Lawyer Says ‘Substantial Amount’ of Crypto Firm’s Ass... by dieselgate on Tuesday November 22, 2022 @03:54PM (#33711362)
I see, thank you for the response