- FTX High Government FTX Constance Wang has returned to the cryptocurrency ecosystem in a brand new position at Sino International.
- Previous to FTX’s demise, she was COO of FTX and co-CEO of FTX Digital Markets.
- Sam Bankman-Fried stays underneath home arrest after pleading not responsible within the FTX lawsuit.
Zee “Constance” Wang, former chief government of Sam Bankman-Fried’s FTX, has joined cryptocurrency enterprise capital agency Sino International Capitals, Bloomberg reviews. Previous to FTX’s demise, she was the Chief Working Officer of a cryptocurrency alternate and Co-CEO of her FTX Digital Markets.
Based in 2015 by Beijing-based investor Matthew Graham, Sino International Capital was an early investor in FTX. Not solely that, however the firm launched a $200 million fund with FTX as its major investor a yr earlier than chapter.
Like most different firms with publicity to FTX, the chapter additionally affected the corporate’s operations and market place. Since FTX’s chapter, a lot of FTX’s prime executives like Mr. Wang have gone from the general public eye. As Bloomberg revealed, Wang spent most of his time in China. Along with his new position at Sino International Capitals, it is clear that the previous FTX worker is not executed with the cryptocurrency area but.
Moreover, Amy Wu, previously of FTX Ventures, has joined Menlo Ventures, considered one of Silicon Valley’s oldest enterprise corporations. Equally, former FTX US president Brett Harrison based a startup that plans to supply his generator of buying and selling algorithm code powered by GPT-4.
In the meantime, Sam Bankman-Fried is underneath home arrest pending trial for his position within the FTX and Alameda Analysis accident. Prosecutors allege Bankman-Fried misused his consumer’s cash for dangerous investments and funneled cash into politicians. Nonetheless, the FTX founder has pleaded not responsible to all prices.
The crash of FTX, as soon as the third largest alternate on the earth, has despatched shockwaves via the cryptocurrency ecosystem. Since then, numerous officers and people concerned within the case have turned themselves in to the investigation. Prosecutors sought a subpoena to analyze Zhe Wang in January, however she has not but been charged with any wrongdoing.