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#SBF He confronts his former friends

When two of Sam Bankman-Fried's former friends testified against him, his lawyers appeared to have difficulty with cross-examination.

Gary Wang, co-founder of #AlamedaResearch and #FTX , testified that Bankman-Fried ordered him to give#AlamedaResearch preferential treatment and to conceal that fact from the public.

When the FTX crash began, Sam Bankman-Fried received a message from Adam Yedidia, one of the senior developers of the#exchangeand his roommate at the time. "I love you Sam. I'm not going anywhere, don't worry," it said. Gary Wang, another old friend and co-founder of Alameda Research and FTX, was the last person besides Bankman-Fried himself to leave the $35 million Bahamas penthouse they shared with Yedidia and other senior FTX employees.

But both men faced Bankman-Fried today to testify, under immunity agreements, that their former friend, roommate and boss had leveraged their technical expertise to keep his empire afloat, even if it meant violating the law or lie to investors like Matt Huang, co-founder of Paradigm, who was also questioned today.

Of the 21 objections overturned today, 15 came from the defense

Of 55 objections sustained, Judge Lewis A. Kaplan ruled in favor of the defense only six times.

The testimony of the day

Yedidia testified that he had designed the automated system by which bank transfers to a bank account owned by Alameda Research were automatically credited to users' accounts and tracked in an internal database entry known as "fiat@."

Yedidia also testified that a bug in the code overstated #Alameda's liabilities with #FTX by $8 billion, leading the fiat account to appear to have a balance of -$16 billion. (The magnitude of the apparent liability raises an obvious question: Did Alameda CEO Caroline Ellison ever see that number?)