Gary Wang said at the SBF trial, “We allowed Alameda to withdraw unlimited funds.”
As disclosed by FTX’s former Chief Technology Officer, a consortium comprising Sam Bankman-Fried, Nishad Singh, and Caroline Ellison has been implicated in unlawful activities. Gary Wang, the co-founder and former Chief Technology Officer of the cryptocurrency exchange FTX, took the stand as the latest witness in the ongoing criminal trial involving the former CEO, Sam “SBF” Bankman-Fried. According to reports emanating from Inner City Press, Wang made his appearance in the courtroom on October 5th, immediately following the testimonies of former FTX developer Adam Yedidia and Paradigm co-founder Matt Huang. The former CTO candidly admitted to engaging in illicit activities during his tenure at FTX, allegedly in collaboration with Bankman-Fried, the former Alameda Research CEO Caroline Ellison, and the former FTX Engineering Director, Nishad Singh. Wang revealed, “We permitted Alameda to execute unlimited fund withdrawals,” in response to Assistant United States Attorney Danielle Sa