Sino Global Taps Former FTX Boss, Bankman-Fried Associate Constance Wang To Lead Gaming

Zinger Key Points
  • Wang was responsible for expanding FTX's global business.
  • Wang not implicated in FTX's collapse.

Constance Wang is moving on from the now-defunct FTX FTT/USD, the digital asset exchange that went bankrupt in November.

What Happened: Bloomberg reported that Wang, a former associate of disgraced FTX founder Sam Bankman-Fried, will be head of gaming at the crypto venture capital firm Sino Global Capital.

Wang previously held the positions of Chief Operating Officer at FTX and Co-Chief Executive Officer at Bahamas affiliate FTX Digital Markets. Prior to that, she held a position at the crypto exchange Huobi Global Ltd. in Singapore as a business development manager and spent two years as an analyst at Credit Suisse.

Also Read: Crypto Set To Outshine Global Currencies, BlackRock CEO Predicts

Following the bankruptcy of FTX and its sister trading firm Alameda Research in November, Wang has been primarily based in China.

Why It Matters: Wang's move underscores how former FTX employees have been able to move on from the legal drama surrounding Bankman-Fried and his handling of FTX.

Amy Wu, who previously led FTX Ventures, recently joined Menlo Ventures, a longstanding venture firm in Silicon Valley.

Brett Harrison, the former president of FTX US, founded a startup that aims to provide a GPT-4-powered trading algorithm code generator.

And Sino Global Capital, established in 2015 by investor Matthew Graham, had previously invested in FTX. In the aftermath of FTX's collapse, the management team appointed by the court to oversee the bankruptcy proceedings sought permission to subpoena Wang and other former executives of the company.

However, Wang has not been implicated in any wrongdoing related to the downfall of FTX or Alameda.

Read Next: Bitcoin Miners On Edge As Halving Event Threatens Profits

Join Benzinga's Future of Crypto in NYC on Nov. 14, 2023 to stay updated on trends like AI, regulations, SEC actions & institutional adoption in the crypto space. Secure early bird discounted tickets now! 

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CryptocurrencyNewsTop StoriesMarketscrypto exchangecrypto marketCrypto Venture Capitaldigital marketsSino Global CapitalZhe Constance Wang
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!