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1) Alright so here's what I gather happened with EMN:

was working on a new protocol. It was still in the testing phase, not ready to be released, in case e.g. it had bugs. He hadn't yet vetted it. It did, in fact, have an exploit

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SBF

@SBF_FTX

Sep 29, 2020

You either die a hero, or you live long enough to become the villain. Or you Twitter gets hacked, idk, one of those two.

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SBF

@SBF_FTX

Sep 29, 2020

2) People were digging around Andre's code, found what he was working on, and started to talk about it. To be clear Andre hadn't promoted it and wasn't intending it to be used yet--it (obviously) wasn't finished with testing! But people found it anyway.