Skip to content
personpersonChristian DrappiChristian DrappiFormer Alameda Research software engineer who wrote code supporting the firm's cryptocurrency trading.← All People
Witness· Alameda Research

Christian Drappi

Former Alameda Research software engineer who wrote code supporting the firm's cryptocurrency trading.

179 lines·4 proceedings·1 mention

About

Called by the government on Day 7, Drappi described his work as an Alameda software engineer, the firm's staffing and communications, and his observations of its leadership. He testified that after Bankman-Fried left the Alameda CEO title, Bankman-Fried remained in contact with employees, retained access to internal trading data, and weighed in on large trades.

Drappi recounted Caroline Ellison's November 8 explanation that Alameda's borrowing of FTX customer deposits had produced a shortfall. He also described the November 9 all-hands meeting, testified that Ellison named Bankman-Fried, Gary Wang, Nishad Singh, and herself as knowing about the use of customer deposits, and authenticated six audio excerpts with corresponding transcripts. Drappi said he had not previously known that Alameda borrowed customer deposits to repay loans, was shocked by the disclosure, and resigned within 24 hours of the meeting.

Cross-examination tested his account of access to Alameda's pointer data system, including whether people other than Bankman-Fried had access. The court required precise questions after objections that portions of the questioning mischaracterized his testimony or failed to identify the relevant entity, and Drappi identified other people with access. During direct examination, foundation challenges also led the court to strike one answer about reporting lines and require questions grounded in Drappi's personal observations.

Trial Record (4)

FederalFederal Criminal TrialOct 3, 2023 – Nov 2, 2023Called by prosecution

Testifying for the government on Day 7, Drappi described his work as an Alameda software engineer, Bankman-Fried's continuing involvement with Alameda, and Ellison's statements during the November 2022 crisis. He authenticated recordings of an all-hands meeting and said he resigned within 24 hours.

Day 7

CrossChristian Drappi — CrossChristian DrappiChristian R. Everdell5highlights42lines spoken

Summary

Cross-examination limited Drappi's knowledge of Bankman-Fried's pointer use, identified other possible users, narrowed the audience and tone of Caroline's November remarks, and ended with admission and playback of Defense Exhibit 415B.

Highlights (5)

objectionDuring contested questioning about the pointer system, the court overruled an initial scope objection, sustained objections to imprecise characterizations, and Drappi ultimately identified Gary Wang, Nishad Singh, and potentially Ryan Salame as other people at FTX who had access.Open in transcript →
Quote“I know he requested access. For me, I wasn't watching him when he accessed it.”— Christian DrappiDrappi distinguished his knowledge that Bankman-Fried requested pointer access from any personal observation of what he accessed.Open in transcript →
Quote“To my knowledge, Gary Wang, Nishad Singh, and potentially Ryan Salame.”— Christian DrappiDrappi qualified his identification of other people at FTX who had pointer access.Open in transcript →
testimony highlightDrappi clarified that Caroline's November 8 remarks were directed to the people in Alameda's row rather than the entire office floor, and he described the proposed Binance acquisition as shocking because Binance was a rival and leading exchange.Open in transcript →
Show all 5 highlights
testimony highlightDrappi estimated that about 15 people attended the November 9 all-hands meeting in person and about 10 joined remotely, and he characterized Caroline's delivery as matter-of-fact for most of the remarks.Open in transcript →