🚀🎉 Bitcoin enthusiasts, buckle up! FTX's trial is getting hotter as former CTO Gary Wang takes the stand, admitting to committing crimes at FTX alongside Nishad Singh, Caroline Ellison, and Sam Bankman-Fried. 😱 Wang revealed that wire fraud took place by allowing Alameda to withdraw unlimited funds and that these privileges were coded into the system. 😳

Despite owning a 17% stake in FTX, Wang stated that all disagreements were resolved according to SBF's wishes. 💼 The court also delved into FTX's revenue generation, with Wang confirming it came from trading fees. 📊

As for the name "Alameda Research," Wang disclosed that SBF chose it to make it easier to register a bank account, implying R&D activities. 🧪🔬 Stay tuned for more updates on this thrilling case! 🍿