SBF says former FTX executive responsible for Alameda feature with negative balance

Sam Bankman-Fried stated in court that he had a conversation with FTX's former CTO Gary Wang and Engineering Director Nishad Singh about how to prevent Alameda Research's account on the exchange from being incorrectly liquidated after some issues arose with FTX's risk management feature. He said that Gary Wang and Nishad Singh later told him that a fix had been implemented, but he did not know the specifics and stated, "I wasn't aware of the details at the time". SBF told the jury that he later learned that this meant Alameda's balance could potentially become negative.