SBF Trial Witness: Glitch at FTX Overstated Alameda’s Debts by $8B

Prosecutors zoomed in on a conversation that Yedidia and Bankman-Fried had on a tennis court. Yedidia had just patched the accounting bug in mid-June, he said, which incorrectly said Alameda owed FTX customers $16 billion. In doing so, he discovered there was still an $8 billion debt, and “was concerned.” Bankman-Fried told him “we were bulletproof last year, but we’re not bulletproof this year.”

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