In the ongoing trial of former FTX CEO Sam Bankman-Fried, ea

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In the ongoing trial of former FTX CEO Sam Bankman-Fried, early FTX employee Adam Yedidia testified about a bug in the automation code for customer deposits and withdrawals. The bug caused Alameda Research's liability to FTX to be exaggerated by $500 million. Yedidia also revealed that customer deposits initially went to an account controlled by Alameda Research, not FTX. After fixing the bug, Alameda Research's liability was reduced from $16 billion to $8 billion. Yedidia expressed concern to Bankman-Fried, who reassured him that the company would be "bulletproof" again within six months to three years.

In the ongoing trial of former FTX CEO Sam Bankman-Fried, early FTX employee Adam Yedidia testified about a bug in the automation code for customer deposits and withdrawals. The bug caused Alameda Research's liability to FTX to be exaggerated by $500 million. Yedidia also revealed that customer deposits initially went to an account controlled by Alameda Research, not FTX. After fixing the bug, Alameda Research's liability was reduced from $16 billion to $8 billion. Yedidia expressed concern to Bankman-Fried, who reassured him that the company would be "bulletproof" again within six months to three years.

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