In his testimony, FTX co-founder Gary Wang says Alameda Research had “special privileges” that gave the firm a $65B line of credit, of which it withdrew $8B (Jacquelyn Melinek/TechCrunch) 06-10-2023

Jacquelyn Melinek / TechCrunch:
In his testimony, FTX co-founder Gary Wang says Alameda Research had “special privileges” that gave the firm a $65B line of credit, of which it withdrew $8B — FTX co-founder and CTO Gary Wang takes the stand — The Sam Bankman-Fried trial gained steam after a somewhat sleepier first half of the day.