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coinpedia 2023-10-06 07:41:03

SBF Trial: Accounting Error Reveals Alameda Research’s $8 Billion Debt in FTX Trial

The post SBF Trial: Accounting Error Reveals Alameda Research’s $8 Billion Debt in FTX Trial appeared first on Coinpedia Fintech News Testimony in the criminal trial of Sam Bankman-Fried revealed a software bug led FTX’s system to show its sister firm, Alameda Research, owed billions more to customers than it did. Former FTX developer Adam Yedidia told the court on Wednesday that an accounting bug inflated Alameda’s apparent debts by $8 billion due to the unusual …

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