© Reuters.
Gary Wang, FTX’s co-founder and former chief technology officer, again appeared in court on the fourth day of the criminal trial of former CEO Sam “SBF” Bankman-Fried to speak on the connections between the crypto exchange and Alameda Research.
According to reports from Inner City Press, Wang returned to a New York courtroom on Oct. 6 and testified that Alameda’s account on FTX was the only one authorized to trade more than it had available — a feature called “allow negative.” The former chief technology officer reportedly claimed Bankman-Fried had ordered Wang and former FTX engineering director Nishad Singh to implement the feature in 2019.
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