Gary Wang, co-founder and former chief technology officer of FTX Cryptocurrency Derivatives Exchange, exits Manhattan federal court on Friday, Oct. 6. Photo: Yuki Iwamura/Bloomberg FTX Co-Founder Testifies 'Special Privileges' for Alameda Led to $8 Billion Shortfall
On direct examination, FTX co-founder and chief technical officer Gary Wang testified at length about Alameda's "special privileges" on FTX. Bankman-Fried and Wang also owned Alameda.
October 06, 2023 at 04:40 PM
4 minute read
FTX founder Sam Bankman-Fried's attorneys on Friday had their first opportunity to cross-examine one of the former FTX executives who has pleaded guilty and agreed to cooperate with the government in Bankman-Fried's case, and they did so with an apparent eye toward normalizing FTX's relationship with crypto hedge fund Alameda Research for the jury.
On direct examination, FTX co-founder and chief technical officer Gary Wang testified at length about Alameda's "special privileges" on FTX. Bankman-Fried and Wang also owned Alameda.
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