The third day of the trial against Sam Bankman-Fried (SBF) unveiled deeper insights into the company’s financial operations and its founder’s personal habits.
In the morning session, testimony from Adam Yedidia, a college acquaintance of Bankman-Fried and a former Alameda and FTX staff member, provided a glimpse into the backend operations of FTX.
Yedidia delved into his work automating customer deposits and withdrawals, revealing a glitch that inflated FTX’s fiat@ftx.com account by a whopping $8 billion.
The prosecution shifted the court’s attention to the stark contrast between FTX’s original Hong Kong offices, which were extremely simple compared to the opulent offices and paddle tennis court in the Bahamas. Emphasizing signs of opulence, the prosecution also put forward images of SBF’s penthouse.
The defense countered the opulence argument by claiming that the penthouse was a shared living arrangement, while the offices were a sign of the crypto market’s success durin
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