NEW YORK - Sam Bankman-Fried's college roommate and ex-colleague at the now-bankrupt FTX cryptocurrency exchange, Gary Wang, took the stand at the 31-year-old former billionaire's fraud trial on Friday.
Federal prosecutors in Manhattan say Bankman-Fried stole billions of dollars in FTX customer deposits to plug losses at his hedge fund, Alameda Research, buy real estate and donate to U.S. political candidates. Wang and Bankman-Fried met at a math camp in high school and later became roommates at the Massachusetts Institute of Technology. They were also among 10 FTX and Alameda employees who lived together in a $35 million penthouse apartment in the Bahamas, where FTX was based.
Earlier this week, jurors heard from Adam Yedidia, a former FTX computer programmer who reported to Wang and was also friends with Bankman-Fried at MIT. "Sam said something like, 'we were bulletproof last year, but we're not bulletproof this year,'" Yedidia testified on Thursday.
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