‘We were close friends’: former ally of Sam Bankman-Fried returns in FTX trial

Adam Yedidia testifies for prosecution on day three under immunity order and cannot be charged based on what he says

Sam Bankman-Fried’s crypto fraud trial entered its third day Thursday morning with one of his former allies, Adam Yedidia, returning to the stand as a prosecution witness.

Bankman-Fried faces seven counts in Manhattan federal court, on fraud and conspiracy charges in relation to the shocking implosion of his crypto exchange and its related hedge fund, Alameda Research.

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