BlockBeats news, October 7, according to Cryptopotato, FTX co-founder Gary Wang revealed more details of Alameda Research's corrupt relationship with its exchange during the SBF fraud trial on Friday. Wang testified that the functions required for Alameda to steal customer funds had been implanted in FTX's computer system as early as 2019. In addition, compared with other customers, Alameda received three privileges at FTX. One of them is to allow Alameda to trade with more funds than he actually has in his account. As Wang previously testified, Alameda can withdraw unlimited funds from FTX. Secondly, Alameda's credit line was increased to $65.3 billion. This feature was later used to withdraw $8 billion worth of fiat and cryptocurrency, exceeding the amount held by the trading company in its account-roughly the same gap as FTX faced when it failed to meet customer withdrawal requests in November last year. Wang clarified that the additional funds came from FTX customers who did not explicitly choose to lend funds.
