In Gary Wang’s telling, FTX was a piggy bank, Alameda a pair of greedy fingers. Did Sam Bankman-Fried make them pinch?
A courtroom sketch shows witness Gary Wang being interrogated as Judge Lewis B. Kaplan and Sam Bankman-Fried look on, on the fourth day ofto get our latest updates on the trial and the state of the tech industry—and the rest of the day’s top stories—and support our work when you, the former FTX engineering director who’d first taken the stand Thursday evening .
It was in July 2019, just a few months after FTX’s launch, that Bankman-Fried instructed Wang and chief technology officer Nishad Singh to construct a backdoor on the exchange for Alameda. As Wang testified, SBF wanted the exchange to act as backstop for expenses related to FTX’s in-house token, FTT. You may recallas it went down. Wang described the FTX-exclusive currency as a “sort of equity” in the exchange—i.e.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
First Half Highlights: Josh Proctor's First Career Pick-Six, JT Tuimoloau's First Sack of 2023 Among the Defining Moments of the First 30 MinutesJosh Proctor's pick-six and JT Tuimoloau's first sack of the season were among the best moments of the opening 30 minutes in Ohio State's matchup with Maryland.
Weiterlesen »
Exxon, shale producer Pioneer\u00a0in talks for blockbuster $60B deal: sourcesThe acquisition would be Exxon’s biggest since its $81B deal for Mobil in 1998 and would expand its footprint in one of the most lucrative regions of the US oil patch.
Weiterlesen »
Why markets shouldn't sweat the blockbuster jobs reportThe data is probably less worrying on the inflation and interest rates fronts than it looks.
Weiterlesen »
Should the Panthers and Cardinals regret their blockbuster trades?NFL insiders are already second-guessing the Carolina Panthers and Arizona Cardinals after their offseason trades shook up the league.
Weiterlesen »
SEC Sues Elon Musk, Seeking Testimony in Twitter ProbeThe regulator filed suit in San Francisco federal court, seeking an order to compel the billionaire owner of the social-media platform X to appear.
Weiterlesen »