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According to Bloomberg, Constance Wang, the former executive of FTX who caused turmoil in the cryptocurrency market with the company’s bankruptcy, has joined the Asian-focused crypto startup Sino Global. Wang had taken on several key roles at FTX and was considered the right-hand person of Sam Bankman-Fried, the founder and former CEO of FTX.
Held Various Top-Level Positions at FTX, Including COO
Constance Wang, the former executive of FTX, who caused upheaval in the cryptocurrency market with the company’s bankruptcy filing and is preparing to reopen, has joined the crypto startup Sino Global Capital.
According to a recent Bloomberg article based on anonymous sources, Wang, who held several key roles, including the position of COO, which is the most authoritative executive position after the CEO at FTX, worked for approximately four years before the cryptocurrency exchange group went bankrupt and collapsed. After working at small-scale companies, Wang has now joined Sino Global.
Wang, considered the most important assistant to Sam Bankman-Fried, the founder and former CEO of FTX, was also the co-general manager of the company’s subsidiary FTX Digital Markets in the Bahamas. According to Wang’s LinkedIn profile, she was responsible for global user growth, as well as partnerships, public relations and marketing, corporate clients, and geographic expansion. Prior to FTX, she had worked at Huobi Global and Credit Suisse.
While Bankman-Fried is Under House Arrest, Others Pursue New Beginnings
Some top-level FTX executives are being held accountable for the legal proceedings initiated against them, with some accepting the charges while others are pursuing a fresh start. Amy Wu, who manages FTX Ventures, is one of these individuals. Wu recently joined the Menlo Ventures team.
While Bankman-Fried denies many of the charges against him, he is currently under house arrest and awaiting the next hearing in the ongoing trial.
