NEW YORK - Former FTX executive Gary Wang is set to retake the stand on Friday and continue testifying against his former roommate and boss, Sam Bankman-Fried, who stands accused of stealing billions of dollars from customers of the cryptocurrency exchange.
Prosecutors have said those privileges were one of the main mechanisms that Bankman-Fried used to plunder customer assets, leading to the exchange's collapse in November 2022. Adam Yedidia, a former FTX computer programmer who reported to Wang, testified that he expressed concern to Bankman-Fried in mid-2022 after learning that Alameda had borrowed $8 billion from the exchange. He said Bankman-Fried appeared worried and told him the companies were "not bulletproof" as they had been the year before.
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