Former FTX CTO Gary Wang testified in the ongoing trial of former FTX CEO Sam "SBF" Bankman-Fried. The lawsuit alleges that Bankman-Fried, in collaboration with Alameda Research, used FTX user funds without permission. Wang noted that Alameda's single account on FTX is allowed to trade on top of its existing funds thanks to its "negative permission" feature. This feature was integrated at the behest of Bankman-Fried in 2019. Wang stated that Alameda has a negative balance that exceeds FTX's 2020 revenue. Additionally, Wang announced that Bankman-Fried provided a $65 billion credit line to Alameda. The case is expected to continue until November.