- FTX Prime Government Constance Wang is returning to the cryptocurrency ecosystem in a brand new position at Sino International.
- Previous to FTX’s demise, she served as COO of FTX and CEO of FTX Digital Markets.
- Sam Bankman-Fried stays underneath home arrest after pleading not responsible within the FTX trial.
Zhe “Constance” Wang, a former prime govt at Sam Bankman-Fried’s FTX, has joined cryptocurrency enterprise capital agency Sino International Capitals, based on a Bloomberg report. Earlier than the collapse of FTX, she served because the chief working officer of a cryptocurrency alternate and the CEO of FTX Digital Markets.
in 2015 Sino International Capital, based by Beijing-based investor Mathew Graham, was an early investor in FTX. Not solely that, the corporate additionally launched a $200 million fund with FTX because the lead investor a 12 months earlier than the corporate collapsed.
Like most different firms with publicity to FTX, the collapse additionally affected its operations and market place. After the collapse of FTX, lots of FTX’s prime executives, equivalent to Wang, fell underneath the radar. As Bloomberg revealed, Wang spent most of his time in China. Together with his new position at Sino International Capitals, it is clear that the previous FTX official is not executed with the cryptocurrency area simply but.
As well as, Amy Wu, who beforehand led FTX Ventures, joined Menlo Ventures, one of many oldest enterprise corporations in Silicon Valley. Equally, former FTX US President Brett Harrison based a startup that plans to supply a GPT-4 powered buying and selling algorithm code generator.
In the meantime, Sam Bankman-Fried remained underneath home arrest whereas awaiting trial for his position within the FTX and Alameda Analysis debacle. Prosecutors mentioned Bankman-Fried misused consumer funds for dangerous investments and funneled the funds to politicians. Nevertheless, the founding father of FTX pleaded not responsible to all expenses.
The crash of FTX, which was as soon as the third largest alternate on the planet, despatched the cryptocurrency ecosystem right into a tailspin. Since then, many officers and people concerned within the case have surrendered to the investigation. Though prosecutors sought a subpoena to analyze Zhe Wang in January, she has not but been charged with any wrongdoing.
