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Former FTX Developer Testifies About $8 Billion Deficit in Sam Bankman-Fried Trial

Adam Yedidia, former roommate of Sam Bankman-Fried and FTX developer, testified in court about the $8 billion deficit reported by the crypto exchange prior to its bankruptcy. Yedidia spoke about the connection between FTX and Alameda Research, revealing a bug in FTX's code that resulted in the error. Yedidia also claimed that Bankman-Fried asked him to discuss the matter via the messaging app Signal, which had an auto-delete feature to avoid regulatory scrutiny. Bankman-Fried's trial is ongoing, with Gary Wang and other former FTX employees expected to testify.

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