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.
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