The stress of the scheme left a key executive 'suicidal for days'Nishad Singh testified against his former boss in court.
Jane Rosenberg/ReutersNishad Singh, the head engineer at FTX, testified against Bankman-Fried and spoke to the intense pressure of the scheme.
As customers began to withdraw their deposits, FTX didn't have enough liquid cash to actually give them their funds.
Instead of working together to solve the issue, executives blamed each other, Singh testified.
"In response, Sam said something like, 'We were bulletproof last year, but we're not bulletproof this year,'" Yedidia testified.
Persons:
Sam Bankman, —, Fried, Caroline Ellison, Gary Wang, Nashad Singh, SBF, Ellison, he'd, Nishad Singh, Jane Rosenberg, Reuters Nishad Singh, Singh, I'd, Wang, FTX's, Bankman, Sam, Adam Yedidia, Yedidia, FTX didn't, FTX, Michael M, Ellison Yedidia, Caroline, Getty, Alameda's, — Ellison, Christian Drappi, Drappi, Alameda — Ellison
Organizations:
Service, Prosecutors, Alameda Research, Street, Reuters, Bankman, NEW, Manhattan Federal Court, Getty, FTX, MIT, Alameda
Locations:
Manhattan, Brooklyn, FTX, Bankman, Alameda, United States, Bahamas, New York City, China, Alameda's Hong Kong