Gary Wang

The swift prosecution of Sam Bankman-Fried, the founder of FTX, was largely due to the cooperation of the cryptocurrency exchange’s chief software engineer, as per a U.S. prosecutor. What Happened: The assistant U.S. attorney, Thane Rehn, disclosed that the cooperation of former FTX CTO Gary...

In recent developments, bankrupt cryptocurrency exchange FTX has agreed to a settlement involving some claims related to their acquisition of the stock trading platform Embed. What Happened: The settlement includes FTX founder Sam Bankman-Fried, as well as former FTX executives...

Lawyers representing FTX founder Sam Bankman-Fried have outlined the anticipated testimony he will present in his ongoing fraud trial. The communication, provided as a formal letter to Judge Lewis Kaplan, sheds light on the defense strategy and seeks to counter allegations of misappropriation...

Gary Wang, former chief technology officer at FTX, on Tuesday provided significant insights into the financial operations of Alameda Research and its association with FTX. His testimony raised concerns, particularly regarding the handling of the FTX (CRYPTO: FTT) tokens and the company's...

As the trial of Sam Bankman-Fried continued on Tuesday, Caroline Ellison, a former associate, took the stand in a Manhattan courtroom to make accusations against him, testifying that the former flamboyant crypto tycoon, known for his roles at Alameda and FTX, directed her to commit fraudulent...

The case against former crypto magnate Sam Bankman-Fried will feature testimonies from key figures associated with him, including Caroline Ellison, the ex-CEO of hedge fund Alameda Research. What Happened: After concluding Friday's court session, the Department of Justice...

Few names have been as synonymous with both rapid success and a dramatic decline as Sam Bankman-Fried. His arrest almost 10 months ago marked one of the most shocking moments in the crypto industry’s history. The trial for Bankman-Fried, the founder of FTX, began this week at the U.S....

Alameda Research enjoyed unique access on the FTX platform, enabling the crypto hedge fund to utilize $8 billion of the exchange's client funds, revealed Gary Wang, the former chief technology officer (CTO), during Sam Bankman-Fried's trial on Friday.  Wang, who was instrumental...

The trial of Sam Bankman-Fried, founder of defunct cryptocurrency exchange FTX is underway, and a jury of 12 will be deciding his fate. Wednesday’s court proceedings primarily revolved around opening statements, and the first two witnesses’ testimonies, according to TechCrunch. Bankman-...

The 10 richest people in the world are worth $100 billion or more. Many on the list are over the age of 50 and have years of experience founding and leading companies, including Elon Musk who tops the list with a wealth of more than $200 billion. Here’s a look at the youngest members of...

Financial statements have revealed transactions that favored top brass at FTX, a prominent cryptocurrency exchange, just before its unexpected downfall in late 2022. What Happened: Documents presented to the United States Bankruptcy Court for the District of Delaware highlight several...

Former FTX engineering director Nishad Singh has agreed to plead guilty to criminal charges brought by U.S. prosecutors as part of an investigation into the inner circle of FTX founder Sam Bankman-Fried. Bankman-Fried was charged with fraud and conspiracy in December, with...

Emergent Fidelity Technologies, the offshore entity that holds 55 million shares of Robinhood Markets Inc (NASDAQ: HOOD), filed for bankruptcy on Friday, as multiple parties try to claim ownership of the stock, Bloomberg reported. The value of the Robinhood shares is estimated to be over $590...

Former FTX US President Brett Harrison has revealed that his relationship with the exchange’s embattled founder Sam Bankman-Fried had reached a point of total deterioration. Harrison says that it was not worth continuing working for the company no matter the prestige or upside...

The former head of engineering at cryptocurrency exchange FTX has met with federal prosecutors in an attempt to join two other members of former CEO Sam Bankman-Fried's inner circle in seeking a cooperation deal in the fraud case related to the collapse of the exchange. According to Bloomberg...