🇹🇷 FTX co-founder Gary Wang, in his statement in court, said that Alameda has the authority to withdraw unlimited money from the FTX platform. 😮 He stated that Alameda has a large credit limit and thus can make faster transactions on FTX. When FTX collapsed, Alameda withdrew $80 billion from the platform and drew $650 billion from its credit line. 📉

Gary Wang announced that he earns an annual salary of $200 thousand and owns 17% of FTX. He noted that SBF owns "approximately 65%" of the company's shares and a 90% stake in Alameda Research. While serving at FTX, Wang was granted $200,000 in funding from the company to build houses and $300 million to invest in other start-ups. 🏠💰