Re:A software change allowed FTX to use client money
by bitwise101 on Tuesday December 13, 2022 @04:41PM
(#33976283)
So the conclusive evidence was found with git blame?
[ Parent
| on HN ]
Re:A software change allowed FTX to use client money
by andirk on Tuesday December 13, 2022 @06:56PM
(#33978072)
The fact that the software was not audited speaks more about the big names who invested in this clown than the clown himself. So weird how he publicly touted the EXACT OPPOSITE of everything he did and stood for.
He may ask the judge for a rebase.
Re:A software change allowed FTX to use client money
by akavi on Tuesday December 13, 2022 @07:24PM
(#33978325)
I've been at many startups during a fundraising round, and I don't think I've ever seen or heard of an investor auditing the codebase.
Re:A software change allowed FTX to use client money
by kasey_junk on Tuesday December 13, 2022 @08:49PM
(#33979014)
I’ve been apart of many code audits as part of acquisitions and fundraising rounds on both sides.
I don’t know how prevalent it is but I’ve done it enough times that I don’t bat an eye when it comes up.
Re:A software change allowed FTX to use client money
by xwdv on Tuesday December 13, 2022 @07:45PM
(#33978488)
I offer this as a service. Typically when there’s a big acquisition and an audit of the codebase is needed, I gather up a group of developers each paid about $250/hr to go through the codebase and conduct audits looking for any red flags and giving an estimation of existing technical debt.
Re:A software change allowed FTX to use client money
by 8note on Tuesday December 13, 2022 @09:33PM
(#33979316)
This sounds both really painful and really fun.
Is there a line item for "this code feels like there's something wrong, but I can't tell what" ?
Re:A software change allowed FTX to use client money
by grogenaut on Wednesday December 14, 2022 @03:29AM
(#33981263)
When I did code dilligence, I just add it to a list of possible risks... or areas we'd like deeper investigation. Usually go back over it in follow up.
Re:A software change allowed FTX to use client money
by dieselgate on Tuesday December 13, 2022 @08:45PM
(#33978991)
Neither have I but read some stuff about Tesla devs checking out the Twitter codebase or something?
It’s ridiculous but that’s the only data point known to me
Re:A software change allowed FTX to use client money
by jfengel on Tuesday December 13, 2022 @09:00PM
(#33979106)
That wasn't due diligence (which he'd waived) but a census of what he'd bought after the fact. They weren't validating the purchase, but helping him plan what to do with it.
Re:A software change allowed FTX to use client money
by urthor on Tuesday December 13, 2022 @07:23PM
(#33978318)
Says a lot about the software industry as a whole.
Re:A software change allowed FTX to use client money
by SanjayMehta on Tuesday December 13, 2022 @07:14PM
(#33978226)
The best liars believe their own lies. Having said that, it's evident that SBF was very well connected and the "old boys club" doesn't ask each other questions; "that would be rude, you know." That's probably how he raised so much money in the first place.
Re:A software change allowed FTX to use client money
by drexlspivey on Tuesday December 13, 2022 @07:04PM
(#33978148)
for dfb6f1f9 you are sentenced to 3 years in prison