{"id":85650,"date":"2026-08-03T09:43:40","date_gmt":"2026-08-03T09:43:40","guid":{"rendered":"https:\/\/bitcoinwisdom.com\/?p=85650"},"modified":"2026-08-03T09:43:40","modified_gmt":"2026-08-03T09:43:40","slug":"gary-wang-testifies-says-alameda-had-unlimited-access-to-funds","status":"publish","type":"post","link":"https:\/\/bitcoinwisdom.com\/ru\/gary-wang-testifies-says-alameda-had-unlimited-access-to-funds\/","title":{"rendered":"\u0413\u044d\u0440\u0438 \u0412\u0430\u043d \u0434\u0430\u0435\u0442 \u043f\u043e\u043a\u0430\u0437\u0430\u043d\u0438\u044f \u0438 \u0433\u043e\u0432\u043e\u0440\u0438\u0442, \u0447\u0442\u043e \u0410\u043b\u0430\u043c\u0435\u0434\u0430 \u0438\u043c\u0435\u043b\u0430 \u043d\u0435\u043e\u0433\u0440\u0430\u043d\u0438\u0447\u0435\u043d\u043d\u044b\u0439 \u0434\u043e\u0441\u0442\u0443\u043f \u043a \u0441\u0440\u0435\u0434\u0441\u0442\u0432\u0430\u043c"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li><strong>Former FTX executive Gary Wang testified in the trial of Sam Bankman-Fried on October 5.<\/strong><\/li>\n\n\n\n<li><strong>\u201cWe allowed Alameda to withdraw unlimited funds,\u201d said the ex-chief technology officer.<\/strong><\/li>\n\n\n\n<li><strong>His turn came after testimonies from developer Adam Yedidia and Paradigm co-founder Matt Huang.<\/strong><\/li>\n\n\n\n<li><strong>Gary Wang and Caroline Ellison had cut a deal with the prosecutors in December 2022.<\/strong><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p>Gary Wang, the co-founder of the now-bankrupt crypto exchange <a class=\"wpil_keyword_link\" href=\"https:\/\/bitcoinwisdom.com\/ftx-review\/\" title=\"FTX\" data-wpil-keyword-link=\"linked\">FTX<\/a>, has testified during the trial of Sam Bankman-Fried, also known as SBF in the crypto space, confirming that the exchange\u2019s sister trading firm, Alameda Research, had access to all of the clients\u2019 funds. He stated that SBF committed crimes in partnership with himself, Nishad Singh, and Caroline Ellison.&nbsp;<\/p>\n\n\n\n<p>While being called forth to <a href=\"https:\/\/twitter.com\/innercitypress\/status\/1710020406441034186\" rel=\"nofollow noopener\" target=\"_blank\">testify<\/a> on October 5, Gary Wang, the former chief technology officer at FTX, revealed that the management \u201callowed Alameda to withdraw unlimited funds\u201d in response to a question asked by Assistant United States Attorney Danielle Sassoon.<\/p>\n\n\n\n<p>It is important to note that the funds that Alameda had access to belonged to the customers of the crypto exchange, which SBF spent as his own. The co-founder addressed the courtroom after hearing testimonies from former FTX developer Adam Yedidia and Paradigm co-founder Matt Huang.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201c[Sam handled] speaking to the media, lobbying, and talking with investors. I just coded [&#8230;] in the end it was Sam&#8217;s decision to make [regarding any disagreements],\u201d said Gary Wang.<\/p>\n<\/blockquote>\n\n\n\n<p>October 5 was the third day of Bankman-Fried\u2019s criminal trial, in which he pleaded not guilty to all the charges despite the entire crypto industry considering the opposite. The witnesses have mostly spoken about the connection that SBF\u2019s crypto exchange had with Alameda Research.<\/p>\n\n\n\n<p>According to a <a href=\"https:\/\/www.wsj.com\/finance\/ftx-employees-found-alamedas-secret-backdoor-months-before-collapse-7f983fcd?mod=e2tw\" rel=\"nofollow noopener\" target=\"_blank\">report<\/a> from the Wall Street Journal (WSJ), the employees at the exchange knew about the backdoor between Alameda and FTX and even notified Nishad Singh about the same, who did not bother taking action.&nbsp;<\/p>\n\n\n\n<p>Additionally, the testimony from Gary Wang is part of a deal between the prosecutors and himself in December 2022. More importantly, SBF\u2019s former girlfriend, Caroline Ellison, and Singh will also be testifying in the courtroom as the trial progresses.&nbsp;<\/p>\n\n\n\n<p>As per an earlier report from BitcoinWisdom, US prosecutors claim Bankman-Fried purchased jets via fraudulent means and have pushed to <a href=\"https:\/\/bitcoinwisdom.com\/us-prosecutors-push-to-seize-bankman-frieds-assets\/\">seize the assets<\/a> belonging to the disgraced crypto entrepreneur. Prosecutors said the former cryptocurrency mogul stole billions of dollars in cash and crypto from his customers and made <a href=\"https:\/\/bitcoinwisdom.com\/prosecutors-accuse-sam-bankman-fried-of-lying\/.\">misleading comments to investors<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u0411\u044b\u0432\u0448\u0438\u0439 \u0438\u0441\u043f\u043e\u043b\u043d\u0438\u0442\u0435\u043b\u044c\u043d\u044b\u0439 \u0434\u0438\u0440\u0435\u043a\u0442\u043e\u0440 FTX \u0413\u044d\u0440\u0438 \u0412\u0430\u043d \u0434\u0430\u043b \u043f\u043e\u043a\u0430\u0437\u0430\u043d\u0438\u044f \u043d\u0430 \u0441\u0443\u0434\u0435 \u043d\u0430\u0434 \u0421\u044d\u043c\u043e\u043c \u0411\u044d\u043d\u043a\u043c\u0430\u043d-\u0424\u0440\u0438\u0434\u043e\u043c 5 \u043e\u043a\u0442\u044f\u0431\u0440\u044f.<\/p>","protected":false},"author":21,"featured_media":85651,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","_uag_custom_page_level_css":"","footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[191,12],"tags":[310],"class_list":["post-85650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-talk","category-news","tag-ftx"],"acf":[],"uagb_featured_image_src":{"full":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/10\/Gary-Wang.jpg",1200,675,false],"thumbnail":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/10\/Gary-Wang-500x330.jpg",500,330,true],"medium":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/10\/Gary-Wang-300x169.jpg",300,169,true],"medium_large":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/10\/Gary-Wang-768x432.jpg",640,360,true],"large":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/10\/Gary-Wang-1024x576.jpg",640,360,true],"1536x1536":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/10\/Gary-Wang.jpg",1200,675,false],"2048x2048":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/10\/Gary-Wang.jpg",1200,675,false],"trp-custom-language-flag":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2023\/10\/Gary-Wang-18x10.jpg",18,10,true]},"uagb_author_info":{"display_name":"Parth Dubey","author_link":"https:\/\/bitcoinwisdom.com\/ru\/author\/parth\/"},"uagb_comment_info":0,"uagb_excerpt":"Former FTX executive Gary Wang testified in the trial of Sam Bankman-Fried on October 5.","_links":{"self":[{"href":"https:\/\/bitcoinwisdom.com\/ru\/wp-json\/wp\/v2\/posts\/85650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinwisdom.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinwisdom.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/ru\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/ru\/wp-json\/wp\/v2\/comments?post=85650"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinwisdom.com\/ru\/wp-json\/wp\/v2\/posts\/85650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/ru\/wp-json\/wp\/v2\/media\/85651"}],"wp:attachment":[{"href":"https:\/\/bitcoinwisdom.com\/ru\/wp-json\/wp\/v2\/media?parent=85650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/ru\/wp-json\/wp\/v2\/categories?post=85650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/ru\/wp-json\/wp\/v2\/tags?post=85650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}