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The Latest Breaking News from Gary Wang

FTX co-founder avoids prison time

Wang, co-founder of FTX, was the first person to cooperate after the firm collapsed in 2022.

Salon

FTX Co-Founder Sentenced With No Prison Time For Cooperation

FTX co-founder Gary Wang avoids prison time for aiding in cryptocurrency fraud case against Sam Bankman-Fried.

Top News

Former FTX executive Ryan Salame is not pleased with his prison sentence

Despite pleading guilty, Sam Bankman-Fried's former lieutenant received a harsher sentence than prosecutors asked for—and took to X to voice his displeasure.

Fortune

Fast Times at FTX High

Here’s a look back at the graduating class from the financial fraud of the century.

Fortune

Dramatic fall for Sam Bankman-Fried and ‘unkempt visionary’ persona

Jury did not believe T-shirt, cargo shorts and messy hair could prevent someone defrauding people out of billions of dollars

The Guardian - US

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Shattered wunderkind image: five key takeaways from Sam Bankman-Fried’s fraud trial

The trial of the FTX founder has ended after a month with a guilty verdict. What did we learn?

The Guardian - US

Sam Bankman-Fried found guilty of defrauding FTX customers out of billions

The prosecutor said that ‘while the cryptocurrency industry might be new … this kind of corruption is as old as time’

The Guardian - US

Sam Bankman-Fried is found guilty of all charges in FTX's spectacular collapse

The conviction marks a spectacular fall from grace for a once shining star in finance. He faces decades in prison.

WEKU

Here are 3 of the most damning documents in the trial of Sam Bankman-Fried, according to the prosecution’s final rebuttal

The jury is set to deliberate Thursday afternoon after the judge instructs them on how to weigh the evidence.

Fortune

Sam Bankman-Fried’s fraud trial testimony: six key takeaways

FTX founder, once the darling of Washington and Silicon Valley, blamed his ex-girlfriend and said ‘I do not recall’ a lot

The Guardian - US

Sam Bankman-Fried makes himself out to be an absentee CEO in new testimony

The FTX cofounder tried to distance himself from the hole in FTX’s balance sheet.

Fortune

Sam Bankman-Fried wraps up testimony as fraud trial nears end

Prosecutors press Bankman-Fried on how Alameda Research, sister hedge fund to FTX exchange, spent $8bn of customer funds

The Guardian - US

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Fortune

Bankman-Fried’s lieutenants say he directed them to commit crimes. He portrayed himself as a hands-off CEO wary of being ‘distracting’

The FTX founder took the stand for a second day of cross-examination on Tuesday.

Fortune

Sam Bankman-Fried can’t shut up. His ‘word salad’ answers were almost 75% longer on average than his 3 FTX lieutenants’

“The witness has what I'll simply call an interesting way of responding to questions,” Judge Lewis Kaplan said of Sam Bankman-Fried’s babble.

The Guardian - US

Sam Bankman-Fried admits to ‘large mistakes’ in crypto fraud trial testimony

Bankman-Fried says his biggest mistake was not implementing a dedicated risk management team for crypto trading platform FTX

The Independent UK

Sam Bankman-Fried on the stand: ‘A lot of people got hurt’

Disgraced crypto entrepreneur admits mistakes were made in FTX’s collapse but denies he’s a crook

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Fortune

Sam Bankman-Fried blames everyone but himself for FTX’s approach to risk management, including a trillion-dollar trading disaster

The FTX founder finally faced a jury on Friday, sharing a version of events that contradicted previous testimony from Gary Wang and Nishad Singh.

The Guardian - US

Sam Bankman-Fried testifies in his crypto fraud trial without jury present

The CEO of the failed cryptocurrency exchange FTX is charged with seven counts of wire fraud and conspiracy to launder money

WEKU

They were Sam Bankman-Fried's friends. Now they could send him to prison for life

Bankman-Fried built a multibillion crypto business spearheaded by FTX with the help of a group of young colleagues. Now three of his closest associates have turned against him.

Fortune

The last week of FTX, according to the private messages of Sam Bankman-Fried, Caroline Ellison, Gary Wang, and Nishad Singh

“I just had an increasing dread of this day that’s been weighing on me for a long time,” Ellison, former CEO of Alameda Research, texted Bankman-Fried.

The Times of India

Nishad Singh says working with Sam Bankman-Fried left him in ‘severe’ distress

NEW YORK: Nishad Singh, the third member of Sam Bankman-Fried’s inner circle to testify against him, detailed a rocky relationship with his former boss that at times left him “humiliated” and, as the company collapsed, suicidal.

Fortune

Former FTX executive Nishad Singh describes conversation with Sam Bankman-Fried over customer funds: ‘I was blindsided and horrified’

While Bankman-Fried lounged on a white chaise chair, Singh realized that FTX was not force for good but had "turned out to be so evil."

Fortune

Behind the scenes of week 2 of Sam Bankman-Fried’s trial

Caroline Ellison testified about bribery, FTT, Thai prostitutes, and her surprisingly small equity package.

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