The post SBF to Cross-Examine Gary Wang on $300M Alameda Loans! appeared first on Coinpedia Fintech News

Sam Bankman-Fried’s legal team has requested permission to cross-examine Gary Wang, co-founder of cryptocurrency exchange FTX, about legal advice he received regarding loans from hedge fund Alameda Research. The loans are central to the ongoing case against Bankman-Fried, who is accused of using funds transferred to Alameda Research as his financial resources. The defense argues that Wang believed the loans were legitimate, as they had been structured by lawyers. The trial has also revealed that Alameda Research had a line of credit up to $65 billion, raising questions about preferential treatment within FTX. Caroline Ellison, former CEO of Alameda Research, is due to take the stand today.