On the third day of the criminal trial for Sam “SBF” Bankman-Fried, the former CEO’s roommate at MIT and FTX developer Adam Yedidia testified about the $8-billion deficit the crypto exchange reported prior to its bankruptcy.
According to reports from Inner City Press from the United States District Court for the Southern District of New York, Yedidia took the stand on Oct. 5 to speak on the connections between the crypto exchange and Alameda Research — one of the key pieces of information at the center of SBF’s alleged fraud. Yedida reportedly informed Bankman-Fried about a bug in FTX’s code that ensured “Alameda’s liabilities did not decrease,” resulting in a roughly $8 billion error.