Odaily News SBF stated during the court hearing on October 27 that Gary Wang should be partially responsible for the function of Alameda having a negative balance. Regarding the issue of Alamedas balance, SBF said: I was not entirely sure what happened at the time. I thought the funds were in a bank account or stored in FTX in the form of stable currency. If Alameda retained it, I think it would be in FTX is reflected as a negative number.” (Cointelegraph)