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Hi there. Im Daniel for Kalkine Media. In mid-2020, FTXs chief engineer made a secret change to the cryptocurrency exchanges software. He tweaked the code to exempt Alameda Research, a hedge fund owned by FTX founder Sam Bankman-Fried, from a feature on the trading platform that would have automatically sold off Alamedas assets if it was losing too much borrowed money. In a note explaining the change, the engineer, Nishad Singh, emphasized that FTX should never sell Alamedas positions. Be extra careful not to liquidate, Singh wrote in the comment in the platforms code, which it showed he helped author. The exemption allowed Alameda to keep borrowing funds from FTX irrespective of the value of the collateral securing those loans. That tweak in the code got the attention of the U.S. Securities and Exchange Commission, which charged Bankman-Fried with fraud on Tuesday. The SEC said the tweak meant Alameda had a virtually unlimited line of credit. Furth