According to BlockBeats, on October 6, FTX co-founder Gary Wang testified in court on Thursday that SBF allowed Alameda to withdraw funds unlimitedly. Alameda has a large credit line to execute orders faster on the FTX platform and can withdraw funds unlimitedly. Gary Wang said that when FTX collapsed, Alameda had withdrawn $8 billion from the platform and $65 billion from its credit line.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%. During his tenure at FTX, he was allowed to withdraw $200,000 from the company to build a house and received up to $300 million in funds to invest in other startups. Gary Wang also said that SBF was responsible for public-facing duties such as lobbying and talking to the media, while his duties were limited to coding.
