Gary Wang Confesses to Guilt in FTX Scandal
Gary Wang, the co-founder of FTX, has confessed his guilt in the scandal and is cooperating with the investigation. Andrew Dietderich, an FTX attorney, reported in Delaware bankruptcy court that Wang had created a line of credit from FTX to Alameda using customer funds without consent.
FTX Scandal Continues with New Revelations
As the investigation into the collapse of FTX continues, new revelations have emerged. The Commodity Futures Trading Commission (CFTC) put forward similar allegations in December 2022 and Reuters reported in November that SBF had secretly transferred $10 billion in funds to Alameda Research.
