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FTX deposits went to account controlled by Alameda for months, Yedidia testifies

Published 10/05/2023, 05:33 PM
Updated 10/05/2023, 07:20 PM

Adam Yedidia, Sam Bankman-Fried’s college roommate and an early employee of FTX, continued his testimony on Oct. 5, the second day of former FTX CEO Bankman-Fried’s trial in New York. Yedidia was testifying for the prosecution with immunity.

Under examination by Assistant U.S. Attorney Danielle Sassoon, Yedidia told the court that he started as a trader for Alameda Research and then worked for FTX as a software developer from January 2021 through November 2022, when he resigned. In the Bahamas, Yedidia was one of the “people of the house” — the ten people who shared a large apartment in the luxury Albany Resort. He reported to former FTX engineering director Nishad Singh and “informally” to FTX co-founder Gary Wang and Bankman-Fried.

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