CoinVoice recently learned that on October 6, FTX co-founder Gary Wang testified in court on Thursday that SBF allowed Alameda to withdraw unlimited funds. Alameda has a large credit line to execute orders faster on the FTX platform and can withdraw unlimited funds. Gary Wang said that when FTX collapsed, Alameda had withdrawn $8 billion from the platform and $65 billion from its credit line.

Gary Wang also said that his personal annual salary is $200,000 and he holds a 17% stake in FTX. SBF owns "about 65%" of the company's shares. At the same time, SBF holds 90% of Alameda Research, while he only holds 10%. Gary Wang also said that SBF is responsible for public-facing duties such as lobbying and talking to the media, while his responsibilities are limited to coding. (Decrypt) [Original link]