SBF knew of FTX/Alameda liability months before collapse, witness says

Sam Bankman-Fried knew that billions of dollars in customer funds were owed to FTX by its sister trading firm months before the crypto exchange collapsed in November, a witness inAdam Yedidia, a former FTX developer who went to MIT with Bankman-Fried, told the court that he confronted SBF shortly after patching an error in the company's software code in June 2022.Some FTX customers deposited fiat for their exchange account by wiring money to an Alameda-owned bank account.

"I was concerned that as a developer at FTX I may have unwittingly written code that contributed to the commission of a crime" he said.At one time part of SBF's inner circle, Yedidia quit and stopped talking to the FTX chief in November 2022. The prosecution asked why: "I learned that Alameda Research had used customer — FTX customer — deposits to pay back its loan to creditors," he said.Yedidia said that after patching the code he asked SBF on a paddle-ball court at the Albany, a private condo complex: "Are things okay?"Share on twitter

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