FTX Founder Abandoned by Former Inner Circle as Key Witnesses Flip to Aid Prosecution
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Sam Bankman-Fried's criminal trial has revealed how his closest friends at FTX have turned against him and are testifying for the prosecution.
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His college friends like Adam Yedidia and Gary Wang went on to hold senior roles at FTX but resigned and are now cooperating with authorities.
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His ex-girlfriend Caroline Ellison, former CEO of FTX's sister hedge fund Alameda, has also pleaded guilty and provided intimate details about their relationship.
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At least 4 members of Bankman-Fried's inner circle have flipped and agreed to testify against their former friend.
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Prosecutors are using the soured personal relationships to establish credibility of witnesses who were insiders at FTX.