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Nalezeno "Gary Wang.": 39

Judge to Sentence Former FTX Executive Ryan Salame in Late May

10.4.2024
Initially scheduled for May 1, the sentencing of Ryan Salame, former co-chief executive of FTX Digital Markets, has been deferred to May 28, 2024, in front of Judge Lewis Kaplan. Ryan Salame, Once FTX’s Co-Leader, Slated for May Sentencing Per the judicial records, Ryan Salame, once...

After Sam Bankman-Fried’s Sentencing, Spotlight Turns to Former FTX Associates

2.4.2024
After Sam Bankman-Fried was sentenced to nearly a quarter-century behind bars for his involvement in financial wrongdoings, Caroline Ellison, Gary Wang, Ryan Salame, and Nishad Singh are up next to face consequences for their roles in the FTX debacle. The Uncertain Road Ahead for FTX’s...

Sam Bankman-Fried Breaks Silence: ‘Haunted’ by FTX Collapse, Vows to Appeal and Criticizes Legal Process

1.4.2024
The fallen founder of FTX, Sam Bankman-Fried (SBF), broke his silence for the first time since being sentenced to 24.25 years in prison, engaging in an email conversation with ABC News. SBF expressed that he is “haunted” daily by the events that transpired, emphasizing his stance that he “never...

Caroline Ellison, Gary Wang, and Nishad Singh Might Not be Jailed, Bankman-Fried Faces Decades in Prison: Bloomberg

3.11.2023
Three former close friends and colleagues of FTX co-founder Sam Bankman-Fried have testified against him, potentially leading to minimal jail time for themselves. Caroline Ellison, CEO of Alameda Research, Gary Wang, co-founder of FTX, and Nishad Singh, FTX engineering chief, were key witnesses...

Ex-FTX Chief’s Defense Team Challenges FBI Interviews, Raises Questions About Witness Credibility

26.10.2023
On Wednesday, the defense team for the former FTX CEO Sam Bankman-Fried issued a letter to the judge seeking to question two FBI agents who interviewed Gary Wang, former chief technology officer of FTX, and Nishad Singh, former director of engineering at FTX. Lawyers allege the witnesses provided...

Bankman-Fried’s Defense Targets $300M Loan Interrogations; Ex-CTO Gary Wang Spotlighted

10.10.2023
Attorneys defending ex-FTX chief Sam Bankman-Fried are keen to interrogate the former CTO of the now-dissolved exchange concerning personal loans ranging from $200-300 million, a fresh letter from Cohen & Gresser LLP reveals. Former CTO Gary Wang is set to return to the stand on Tuesday, with...

SBF's Lawyers Seek To Cross-Examine Gary Wang on Counsel’s Involvement in Alameda Loans

10.10.2023
In the ongoing multi-billion fraud trial of the bankrupt FTX exchange, Sam Bankman-Fried (SBF) has blamed lawyers' involvement in structuring the loans issued to FTX co-founder Gary Wang by Alameda Research. As a result, SBF’s lawyers have requested Judge Lewis Kaplan to cross-examine Wang further...

SBF seeks to probe FTX lawyers’ roles in $200M Alameda loans

10.10.2023
Sam Bankman-Fried’s legal team is seeking permission to cross-examine Gary Wang over FTX lawyers' involvement in Alameda loan approvals

FTX used Python code to fake its insurance fund figure: Gary Wang

9.10.2023
FTX’s so-called “Backstop Fund” figure was a big lie, according to the former chief technology officer of the crypto exchange

Close Associates of Sam Bankman-Fried to Take Stand Today in Ongoing Trial

5.10.2023
As the trial of the former CEO of collapsed crypto exchange FTX Sam Bankman-Fried enters its third day, the prosecution is expected to call two close associates of the defendant to the stand. Bankman-Fried faces seven counts bordering on fraud and related conspiracy to commit fraud with...

Sam Bankman-Fried’s Closest Friends Will Testify Against Him. Here’s Who Else We’ll Hear From

2.10.2023
Several of Bankman-Fried’s former colleagues and friends will testify against the one-time crypto mogul following plea deals they struck with the U.S. Department of Justice, including his former romantic partner Caroline Ellison and childhood friend Gary Wang, who were both deeply involved in...

FTX court filing reveals former Alameda CEO's $2.5M yacht purchase

3.9.2023
The payment to the American Yacht Group was disclosed under the category of payments benefiting any insider within one year prior to the crypto exchange collapse

Report: FTX Co-CEO Ryan Salame in Plea Deal Talks; Private Jet May Be Forfeited

9.8.2023
A Bloomberg article, citing “people familiar with the case,” reveals that FTX’s co-CEO Ryan Salame is allegedly in talks with prosecutors, and a plea agreement could be forthcoming. Insiders also emphasize that Salame’s privately owned aircraft may be surrendered as part...

FTX’s former law firm hit with lawsuit alleging it set up ‘shadowy entities’

9.8.2023
The suit claims “shadowy entities” set up by Fenwick & West were allegedly used by FTX and former top executives to misappropriate customer funds

FTX Launches Lawsuit Against Ex-Executives, Including Sam Bankman-Fried, to Reclaim $1 Billion

21.7.2023
Now-defunct cryptocurrency exchange FTX has filed a complaint against former CEO Sam Bankman-Fried and other key executives to retrieve more than $1 billion in allegedly misappropriated funds. The lawsuit, filed by FTX under the direction of an executive team led by restructuring expert John...