The Latest Breaking News from Gary Wang

In June 2022, amid the broader crypto meltdown, Caroline Ellison and FTX co-founder Sam Bankman-Fried were looking at a massive hole in Alameda Research’s balance sheet.

The former CEO of Alameda Research had only a half-a-percentage-point stake in FTX and no equity in the crypto hedge fund she once led, she testified on Tuesday afternoon.

Sam Bankman-Fried authorized the illegal use of FTX customers’ funds and assets to plug financial gaps at an affiliated hedge fund from the exchange’s earliest days, FTX’s co-founder Gary Wang told a New York jury on Friday, as prosecutors pressed their case that Bankman-Fried was the mastermind behind one of…

FTX cofounder and childhood friend Gary Wang took the stand and admitted to the crypto empire’s crimes.

Gary Wang says Bankman-Fried had ‘neutral demeanor’ when told crypto exchange had lost billions days before collapse

FTX's co-founder has begun to tell a New York jury that he and Sam Bankman-Fried committed financial crimes and lied to the public before the cryptocurrency trading platform collapsed last year

Bankman-Fried, who had his bail revoked in August, faces multiple charges of money laundering and fraud.

A court filing from Saturday offers further details on the Department of Justice's case against the disgraced FTX founder.

The FTX founder’s day in court comes on Tuesday. Where did it all go wrong – and what can we expect in the high-profile trial?