A former executive from FTX, who was involved in the development of software that enabled the misappropriation of billions by Sam Bankman-Fried, has now shifted focus to a new venture assisting the U.S. government in detecting stock market fraud.

The newly created software aims to enhance the government's ability to identify fraudulent activities in the stock market, highlighting the growing importance of regulatory oversight in financial markets.

This development highlights the ongoing efforts to promote transparency and accountability following notable financial scandals.