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Tag: Gary Wang

October 6, 2023

The Crypto Trial: FTX Co-Founder Takes The Stand And Explains The Financial Crime!

In a significant development in Sam Bankman-Fried (SBF)'s ongoing crypto fraud trial, Gary Wang, co-founder of the now-defunct crypto exchange FTX, took the stand as a prosecution witness. Wang's testimony on Thursday afternoon in Manhattan federal court revealed startling details about the operations of FTX and its ties to sister crypto firm Alameda Research. Wang has pleaded guilty to financial crimes as a prosecution witness.

October 5, 2023

Crypto In Court: Trial Against FTX Founder Sam Bankman-Fried Started!

In an unexpected turn of events, commodities broker Marc-Antoine Julliard, who primarily dealt in cocoa beans, transitioned to cryptocurrency trading in 2021 using the FTX platform. Fast forward two years, and Julliard emerged as the lead witness in the high-profile fraud trial against FTX's founder, Sam Bankman-Fried (SBF). The allegations? Misappropriation of billions in client funds. On Wednesday, Julliard's testimony spanned nearly an hour, detailing his uneasy experiences with FTX.

August 22, 2023

Former Crypto King Sam Bankman-Fried And His Perfect Fall From Grace!

Mythology also knows these individuals who, driven by their own hubris, want to get too close to the sun and then crash with burnt wings. The comparison with Icarus is probably the most apt one you can find for FTX founder Sam Bankman-Fried (SBF). Just 18 months ago, he was the US crypto mogul that politicians and celebrities bowed down to. Today he sits in jail waiting for his trial. A perfect fall from grace.

March 3, 2023

FTX Bankruptcy: $8.9 Billion Worth Of Customer Funds Are Missing!

The crypto exchange FTX was the latest of the big crypto bankruptcies in 2022 but certainly the most prominent one. In the last few weeks, the U.S. DoJ, CFTC, and SEC regulators filed criminal charges and fraud complaints against the FTX top executives around Sam Bankman-Fried, Nishad Singh, and Gary Wang. A recent report from the Wall Street Journal pointed out that $8.9 billion worth of customer funds have been unaccounted for and therefore missing.

March 1, 2023

U.S. Prosecutors And Regulators Charge FTX Executive With Fraud!

Nishad Singh, 27, co-founder of collapsed crypto exchange FTX and close confident to founder Sam Bankman-Fried (SBF) pleaded guilty to six criminal counts, including conspiring to commit securities and commodities fraud. Moreover, the U.S. regulators SEC and CFTC announced fraud complaints against Singh. The FTX scheme was founded by Singh along with Samuel Bankman-Fried (SBF) and Gary Wang. U.S. Prosecutors allege that SBF stole billions of dollars of FTX customer funds.

January 5, 2023

FTX Founder Sam Bankman-Fried Pleaded Not Guilty! Prosecutors Seized His Robinhood Shares!

FTX founder and former CEO Sam Bankman-Fried aka SBF pleaded not guilty to charges related to the “fraud of epic proportions.” The judge set an..

December 22, 2022

U.S. Regulators & Prosecutors Charge FTX Executives Caroline Ellison And Gary Wang!

The U.S Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Department of Justice (DOJ) charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former Chief Technology Officer of FTX Trading Ltd. (FTX), for their roles in fraudulent FTX crypt scheme co-founded by Sam Bankman-Fried (SBF) and Wang. Ellison and Wang pleaded guilty to the criminal charges and cooperate with the authorities.

November 23, 2022

Why FTX Founder Sam Bankman-Fried Should Be Arrested, Charged, And Tried Quickly!

Typically, the presumption of innocence applies in Western jurisdictions. However, Sam Bankman-Fried, aka SBF, has already confessed to misappropriation of client funds. Around $9 billion is apparently missing, and every day new evidence of the misuse of client funds is presented on Twitter. Such as the purchase of luxury properties in the Bahamas. SBF has placed the crypto industry under general suspicion. A swift arrest would send a much-needed signal to rescue crypto.

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.