For some reason, I've seen a lot of people try to make arguments around FTX that completely miss the scale and malfeasance that occurred. This wasn't a case of "oh, you got some esoteric GAAP depreciation rule wrong". This was an engineering leader putting a ton of special cases in the code saying "For our most beloved partner, none of the rules apply, including letting them take unlimited amounts of customer funds. Oh, and be sure to hide this from the dashboards the rest of the company uses."
This is not hard. Nobody needs to be versed in the ins-and-outs of jurisdictional compliance rules to see this was blatant and egregious.
If any of this looks remotely familiar to any software devs out there, you should really re-examine your morals. Or at least hire a lawyer.
This is not hard. Nobody needs to be versed in the ins-and-outs of jurisdictional compliance rules to see this was blatant and egregious.
If any of this looks remotely familiar to any software devs out there, you should really re-examine your morals. Or at least hire a lawyer.