Yedidia was called to testify about a bug in FTX’s accounting software that caused it to overstate the amount of money Alameda Research owed exchange customers by $8 billion. This was a big problem, as customers had wired their money to the trading firm and then got credited in their FTX account. The arrangement was one factor in FTX’s subsequent loss of $8 billion in customer funds, according to prosecutors.

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Information	Details
Geography	North America
Countries
Sentiment	negative
Relevance Score	8
People	FTX, Alameda Research, Yedidia
Companies	prosecutors, exchange, trading firm, FTX, Alameda Research
Currencies	None
Securities	None