Python Code FTX Used to Randomly Fabricate Insurance Fund Exposed

• FTX ‘s software code for manipulating insurance fund data has been exposed.
• FTX used a random number function to generate the insurance fund it published to the public.
• Recently, a former CTO testified at the SBF trial that the insurance fund figure was inaccurate and entirely fabricated.

The crypto community has unearthed the software code that the now-defunct FTX crypto exchange allegedly used to manipulate its insurance fund, misleading the public about its actual values. In a recent tweet, verified X account BitMex Research shared a screenshot of the alleged FTX database code.

According to BitMex Research, FTX used a random number function to generate the insurance fund it published to the public.

Please see below the exhibit, with the code showing the random number field in the formula to calculate the FTX insurance fund figure to publish https://t.co/jbKqMQxT8B pic.twitter.com/5c9yS0sXq4

— BitMEX Research (@BitMEXResearch) October 7, 2023

Notably, the screenshot BitMex Research shared contained lines of code of the Python Programming language. The part of the code that indicated random number generation was “return f2d(numpy.random.normal(7500,…

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