“Because of these special privileges, Alameda had a $65 billion line of credit, Wang said.”
Gary Wang testified that special code funneled FTX customer money to Alameda, with unlimited withdrawals and negative balances allowed. Normal large businesses get credit lines in the millions. Alameda had pulled out $8 billion by the November 2022 bankruptcy. Wang wrote the code, and he says Bankman-Fried decided what got built.