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

Yedidia was implied In in writing A small cart program has automate FTX customer deposits And withdrawals And was concerned by THE size of THE Alameda Research responsibility on THE FTX books.

Adam Yedidia, Sat Bankman-Fried's college roommate And A early employee of FTX, continued her testimony on October. 5, THE second day of ancient FTX CEO Bankman-Fried's trial In New York. Yedidia was bear witness For THE pursuit with immunity.

Below exam by Assistant WE. Lawyer Danielle Sassoon, Yedidia said THE court that he begin as A Trader For Alameda Research And SO work For FTX as A software developer Since January 2021 through November 2022, When he resigned. In THE Bahamas, Yedidia was A of THE "people of THE House" — THE ten people WHO sharing A big apartment In THE luxury Albania Seaside resort. He reported has ancient FTX engineering director Nishad Singh And “informally” has FTX co-founder Gary Wang And Bankman-Fried.

Yedidia said that, as he Understood he, When Alameda Research negotiated on FTX, THE ultimate beneficiaries of THE profits were Bankman-Fried And Wang.

Yedidia said he was implied In in writing THE coder has automate customer deposits And withdrawals Since FTX. Bankman-Fried was Also "very implied" In THE project. Yedidia initially thought customer deposits were going has A FTX bank account, but he learned that FTX was having worry opening A bank account And deposits went has A account In THE name of North Dimension Inc., which was control by Alameda Search.

Yedidia said clients were educated has send deposit funds has THE North Dimension account, And they did not know he was control by Alameda, as far as he knew. He said either Singh Or FTX head of colonies Ray Salame said him about THE arrangement.

"Sometimes In late 2021”, FTX successful In opening A bank account And clients had THE option has send funds has "FTX Digital Markets”, Yedidia said. He said he was aware that a few customer d...