SBF Slept on Bean Bag in Bahamas While Alameda Misused Billions of FTX Customer Funds, Ex-Employees Testify
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Sam Bankman-Fried lived in a $35M Bahamas apartment paid for by his hedge fund Alameda, and slept on a bean bag while living there with 9 employees.
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Witness Adam Yedidia testified he discovered in June 2022 that Alameda owed FTX customers $8 billion, which he found concerning.
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Yedidia resigned 5 months later upon hearing Alameda used FTX customer money to repay loans.
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Yedidia testified Bankman-Fried and Alameda CEO Caroline Ellison began a romantic relationship in early 2019.
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FTX co-founder Gary Wang admitted committing financial crimes at FTX along with others including Sam Bankman-Fried.
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