FTX: “'**** the regs' they make everything worse”
FTX employees submitted payment requests through an online chat platform where a disparate group of supervisors approved disbursements by responding with personalized emojis. Other 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, the use of software to conceal the misuse of customer funds; the secret exemption of Alameda from certain aspects of FTX.com’s auto-liquidation protocol. Also, the audit firm for the Dotcom Silo was Prager Metis, a firm whose website indicates that they are the “first-ever CPA firm to officially open its Metaverse headquarters in the metaverse platform Decentraland".