Sex, Signal messages and sabotage: SBFs top execs and Bahamas roommates tell all in court
Summary
The trial, set to last six weeks, will resume on Tuesday with key testimony expected from Ellison, who is considered the prosecutions star witness, having already pleaded guilty to multiple charges. Posts came from the company blaming bank hours for slow withdrawals, while Bankman-Fried tweeted from his personal account, assuring customers that all was fine. Wang told the court about the advantages that Alameda received by having code baked into FTXs software that allowed special access to the crypto exchange. In June 2022, he submitted a report to Bankman-Fried on Signal that showed $8 billion in customer money held in an internal database tracking the cash wired to an Alameda account called "fiat at ftx.com" was missing. The third witness to take the stand was Matt Huang, co-founder and managing partner of Paradigm, a crypto venture capital firm that invested over $275 million in FTX.