Sam Bankman-Fried Denies Knowing FTX Money Was Missing, as He Concludes Testimony – The New York Times

Ms. Sassoon, the federal prosecutor, was relentless, asking Mr. Bankman-Fried about the failure of FTX, including if some of the cooperating witnesses had not told the truth about Alameda, the trading firm, owing billions in customer money to the exchange. Mr. Bankman-Fried previously testified that he did not learn about the missing funds until about October 2022, while other witnesses testified that he knew much earlier.

At one point, Ms. Sassoon asked Mr. Bankman-Fried if Adam Yedidia, a former FTX developer who testified at the trial, was lying when he said in court that Mr. Bankman-Fried had told him in the summer of 2022 that Alameda owed $8 billion to FTX customers.

“I don’t remember him saying it in that way,” Mr. Bankman-Fried replied.

Source: Sam Bankman-Fried Denies Knowing FTX Money Was Missing, as He Concludes Testimony – The New York Times