FTX Fraud Revelations Emerge as Execs Testify on $8B Debt, Rigged Trading, and Missing Funds
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Marc Julliard testified as a victim who lost nearly $100K when he couldn't withdraw Bitcoin from FTX. Defense downplayed his testimony.
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Adam Yedidia was an FTX developer and friend of SBF who learned of the $8B debt between FTX and Alameda months before bankruptcy.
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Matthew Huang invested $278M in FTX but admitted not doing proper due diligence and relying on info from SBF.
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Gary Wang, SBF's co-founder, admitted committing fraud and described Alameda's special privileges on FTX, including unlimited negative balance.
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Caroline Ellison, former Alameda CEO, will testify on Oct. 10 after Wang. Wang discussed concealing MobileCoin loss and manipulating data.