Here’s What We Know So Far About FTX’s Mysterious Co-Founder Gary Wang

  • FTX co-founder Gary Wang was a critical player during the rise and fall of SBF’s crypto empire..
  • Wang also served as FTX’s former chief technology officer but kept a low profile.
  • Here’s what we know so far about the elusive figure.

FTX co-founder Gary Wang has been a mysterious yet critical player in the rise and spectacular fall of the crypto empire.

Wang maintained a limited online presence during his time at FTX and avoided media interviews, leaving the limelight to co-founder Sam Bankman-Fried.

Wang served as chief technology officer at FTX until the stock market crashed in mid-November. He was the company’s second largest shareholder.

Here’s what we know about the mysterious co-founder:

A prolific coder with MIT degrees

Wang reportedly met Bankman-Fried at math camp when she was in high school. The future co-founders were also college roommates at MIT and lived together in a Bahamas home that was home to several other FTX employees.

After graduating from MIT with degrees in math and computer science, Wang worked at Google. According to Forbes, he was an engineer at the company who built systems to collect prices on millions of flights.

Wang reportedly quit his job at Google when Bankman-Fried founded Alameda Research in 2017.

Wang later became chief technology officer at FTX and established himself as a key member of the crypto empire’s inner circle. The tight executive group reportedly included Wang, Bankman-Fried, Alameda’s former CEO Caroline Ellison, and FTX’s former engineering director Nishad Singh.

Citing people familiar with the matter, the Wall Street Journal reported that the CEO of Alameda Research and senior FTX officials are aware that FTX has lent its clients’ money to Alameda to help it meet its obligations.

a reclusive figure

Wang’s mentor, Singh, once described him as “incredibly brilliant” in a 2020 podcast quoted by the Sydney Morning Herald.

But according to reports, at FTX, Wang was a somewhat reclusive figure. As The Block reported, the manager’s profile picture did not show his face when it appeared on company systems.

Sources told the publication that he is one of the few employees who works from home and likes to hang out with coding. A source familiar with both Alameda’s and FTX’s operations told The Block: “Gary has always impressed me as a ‘tell me what to do and leave me alone’ kind of person.

Fraud charges and criminal complaint

Unlike his co-founder, Wang has largely disappeared since he was fired from FTX after the company went bankrupt.

Not much has been reported about the elusive co-founder beyond what Bankman-Fried told a Vox reporter in November, “Gary is scared.”

On Wednesday, the US prosecutor for the Southern District of New York announced that both Wang and Ellison pleaded guilty to fraud.

Wang was accused by the Securities and Exchange Commission of “a multi-year scheme to defraud stock investors in FTX.”

According to a report, the two are said to be collaborating with prosecutors. expression From US lawyer Damian Williams.

Wang’s lawyer, Ilan Graff, told Insider: “Gary has accepted responsibility for his actions and takes his obligations as a cooperating witness seriously.”

Sindhu Sundar contributed to this story.

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