Ex-FTX Developer Discloses $8 Billion Discrepancy During SBF Trial

The criminal trial of Sam “SBF” Bankman-Fried continues to unfold, with a former FTX developer revealing a stunning $8 billion discrepancy. During the recent trial of Sam Bankman-Fried, a former FTX developer, Adam Yedidia, dropped a bombshell revelation.

Adam Yedidia's Testimony: The $8 Billion Bug

Adam Yedidia, a significant witness in the ongoing trial of Sam Bankman-Fried, the ex-CEO of FTX, has testified that a bug in the FTX system led to an $8 billion shortfall. According to CoinDesk: FTX founder Sam SBF Bankman-Fried's criminal trial saw an important testimony from former FTX developer, Adam Yedidia, revealing Yedidia's account details a significant miscalculation that ultimately contributed to the platform's collapse.

Nishad Singh's Testimony Adds Another Layer

Adding to the complexity of the case, a former senior FTX executive, Nishad Singh, who has already pleaded guilty, testified as the third week of Sam Bankman-Fried’s criminal trial began. A former senior FTX executive, Nishad Singh, who has already pleaded guilty, testified as the third week of Sam Bankman-Fried’s criminal trial began. Singh, who said Yedidia, who was also Bankman-Fried's former MIT roommate, also testified about...[details to be added later from the trial].

Key Takeaways from the FTX Trial

The testimony from Adam Yedidia, FTX developer and Bankman-Fried’s former MIT roommate, about the $8 billion discrepancy is a pivotal moment in the trial. Yedidia's revelation is central to understanding the circumstances surrounding FTX's downfall. This development further intensifies scrutiny on Bankman-Fried and raises significant questions about oversight and internal controls within the exchange. The trial continues to shed light on the events leading to FTX's collapse and the alleged misconduct of its former leadership.