Gary Wang

Despite protests from the legal counsel for the discredited FTX co-founder, the U.S. Department of Justice (DOJ) formally seized the 55,273,469 shares of Robinhood Markets Inc (NASDAQ: HOOD) — an 8% stake — linked to Sam Bankman-Fried and Gary Wang. Prosecutors with the commercial...

FTX's former president is expected to provide more details about the collapsed crypto exchange. Brett Harrison said via Twitter that he "will share in time," but did not respond to a follow-up question about whether he is working with U.S. regulators or prosecutors. Harrison also...

Former FTX CEO Sam Bankman-Fried has pleaded not guilty to eight charges in a New York federal court, related to the collapse of his exchange and hedge fund Alameda Research, CNBC reported. The charges include conspiracy to commit wire fraud and securities fraud, individual charges of securities...

Banking giant Citigroup (NYSE: C) considered partnering with Alameda Research, a now-bankrupt crypto trading firm, to launch a crypto lending business in 2020, but decided against it due to concerns about the firm's lack of risk management.  Austin Campbell, the former co-head of...

Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, will reportedly plead to criminal charges alleging that he defrauded investors and misused billions of dollars in customer funds. The 30-year-old is scheduled to be arraigned on Jan. 3, 2023, in front of U.S. District Judge Lewis...

Four customers of FTX have filed a class action lawsuit in U.S. Bankruptcy Court for the District of Delaware (where FTX's bankruptcy proceedings are taking place) demanding priority in repayment for the approximately $2 billion in missing customer funds. The customers claim that FTX...

Former FTX CEO Sam Bankman-Fried borrowed hundreds of millions of dollars from Alameda Research to purchase a stake in Robinhood Markets, according to court records. In an affidavit delivered to a Caribbean court before his detention, Bankman-Fried stated that he and FTX co-founder Gary Wang...

Two former executives of Sam Bankman-Fried's crypto-focused companies, Caroline Ellison and Gary Wang, have pleaded guilty to criminal charges related to the collapse of FTX. What Happened: This comes as Bankman-Fried was arrested in the Bahamas last week...

The crypto winter will go on for a long time and more stringent regulations are expected in the future, following the failure of FTX. That's according to former Binance CFO Zhou Wei, who left the firm last year. "Basically, we have to all brace ourselves for a pretty long winter in the...

FTX (CRYPTO: FTT) co-founder Gary Wang and former Alameda Research CEO Caroline Ellison both pleaded guilty to federal charges including conspiracy to commit wire fraud, commodities fraud and securities fraud.  The plea deals were released the same night of former FTX CEO Sam Bankman-Fried...

There are 2,668 billionaires worldwide, according to a new report from Forbes. Among the list is a diverse range of men and women with an age range of 19 to 100. What Happened: The 2022 Forbes Billionaires list features 2,668 people, 87 less than 2021. The billionaires are worth a combined $12.7...