Former FTX Developer Testifies That FTX Used Customer Funds to Repay Loans, Leading to His Resignation
Sam Bankman-Fried's criminal trial saw testimony from former FTX software developer and close friend Adam Yedidia, who revealed that FTX had used customer funds to repay loans. Yedidia, who lived with Bankman-Fried in a Bahamian penthouse, resigned from the company after learning about the misuse of customer deposits. Yedidia testified under an immunity grant, expressing concern that he may have unknowingly contributed to a crime through his role at FTX.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Former FTX Developer Testifies That FTX Used Customer Funds to Repay Loans, Leading to His Resignation
Sam Bankman-Fried's criminal trial saw testimony from former FTX software developer and close friend Adam Yedidia, who revealed that FTX had used customer funds to repay loans. Yedidia, who lived with Bankman-Fried in a Bahamian penthouse, resigned from the company after learning about the misuse of customer deposits. Yedidia testified under an immunity grant, expressing concern that he may have unknowingly contributed to a crime through his role at FTX.