The jury overseeing the criminal trial of Sam “SBF” Bankman-Fried heard the former FTX CEO’s testimony for the first time, which largely included denying knowledge of fraudulent activities at the cryptocurrency exchange.

According to reports from a New York courtroom on October 27, Bankman Fried Proposal Wang, former CTO of FTX, was partly responsible for creating the “passive allow” button for Alameda Research. This feature gave the crypto hedge fund the ability to trade more money than was available.

“At the time I wasn’t quite sure what happened,” Bankman-Fried reportedly said regarding the Alameda line of credit. “I thought the money was being held in a bank account, or sent to FTX in stablecoins. If Alameda was holding it, I figured it would be reflected as a negative number on FTX.

This is a developing story, and more information will be added as it becomes available.