Gary Wang returned to the witness stand on Friday to testify against fellow co-founder of cryptocurrency exchange.
Day four of Sam Bankman-Fried's trial on federal fraud and money-laundering charges featured testimony from FTX co-founder Gary Wang, who relayed how he and the defendant engaged in financial crimes and lied about it.
Wang's testimony aligned with that of Adam Yedidia, another of Bankman-Fried's former friends and classmates. Yedidia testified that Bankman-Fried privately expressed concern about a potential $8 billion shortfall at FTX from loans to Alameda five months before both companies collapsed.Under questioning by Assistant U.S. Attorney Danielle Sassoon, Yedidia said he brought up the issue with Bankman-Fried, asking him if things were alright.
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