It's mind-boggling to think that someone could keep such a significant amount of cryptocurrency on a centralized exchange and sleep soundly at night. As we all know, exchange are not safe, and we have seen a lot of exchange failures in previous years. It seems that nothing is going to change.
I guess that person might be close to SBF and trusted him so much to have that huge money of his in that exchange, or really a new comer or someone is managing that fund for himself. True, I don't think there will be changes in the future, we have seen a lot of exchanges that rag pull or collapse with person's entire savings in that exchange. And so this is just another example of it, but no one really learn their lessons isn't it.
"Not your keys, not your coins", this is very true in this case.
And hopefully, justice can be served here, the ongoing trial should be watch by everyone specially those individuals who have millions wipe out.
In regards to the amount of FTT token that was supposedly held in that one account, it would be difficult to imagine a situation in which there was not some kind of insider-connection in regards to that kind of a holding, and in several senses, we do not have nearly enough information to appreciate a lot of the various connections of various fake entities that were created by FTX and also that sometimes real people or institutions might have had created accounts under pseudonyms or fake names.
It seems that so far, the current bankruptcy CEO (or might he be labelled as some kind of a trustee - John J. Ray) has been resistant to one of the practices of an independent auditor (investigator), which I believe that the Celsius situation did end up having one of those - and it seems that if various kinds of actual truths are wanted, then there is likely a need for an independent auditor rather than what might end up happening in regards to various cover-ups of some of the folks who might have had been involved in various aspects of the business - which likely could incur further charges and/or allegations towards high profile folks (politicians, companies, influencers).
I still am not exactly clear about how credible the source of this accounting information and whether the customer numbers were already existing customer code or if they were numbers that were generated in connection with the bankruptcy proceedings, and I could imagine a couple of kinds of scenarios, and one of them would be that some customers might already know their customer codes and another scenario would be that some customers would be given access to their customer codes prior to others being able to receive their customer codes.