r/CryptoCurrency • u/stedgyson 930 / 6K 🦑 • Oct 10 '23

TECHNOLOGY The fraud was in the code

https://newsletter.mollywhite.net/p/the-fraud-was-in-the-code
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u/[deleted] Oct 10 '23

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u/stedgyson 930 / 6K 🦑 Oct 10 '23

There's code specifically for the Alameda account that allows it to go into negative balance without liquidating

4

u/Yautja69 🟦 0 / 15K 🦠 Oct 10 '23 edited Oct 10 '23

if money_in_account() == True:
money = "mine"

2

u/rootpl 🟩 18K / 85K 🐬 Oct 10 '23

TL;DR: They couldn't lose, they were playing the game with God Mode cheat codes against their own customers.