Ex-FTX Official Constance Wang Takes on New Function at Sino International

• FTX high government FTX Constance Wang is again within the crypto ecosystem with a brand new position at Sino International.
• Earlier than the FTX collapse, she had served because the COO of FTX and Co-CEO of FTX Digital Markets.
• Sam Bankman-Fried stays underneath home arrest after pleading not responsible within the FTX proceedings.

Zhe “Constance” Wang, a former high government in Sam Bankman-Fried’s FTX, has joined crypto enterprise capital agency Sino International Capitals, in accordance with a Bloomberg report. Earlier than the collapse of the FTX, she served because the Chief Working Officer of the crypto alternate and Co-CEO of FTX Digital Markets.

Based by Beijing-based investor Mathew Graham in 2015, Sino International Capital was an early investor in FTX. Not solely that, the corporate additionally launched a $200 million fund with FTX as a significant investor a 12 months earlier than the corporate’s collapse.

Like most different firms with publicity to FTX, the collapse additionally affected its operations and place out there. For the reason that FTX collapse, lots of FTX’s high executives, like Wang, went underneath the radar. As revealed by Bloomberg, Wang had spent most of her time in China. With the brand new position at Sino International Capitals, it’s clear the ex-FTX official shouldn’t be but carried out with the crypto house.

Furthermore, Amy Wu, who beforehand led FTX Ventures, has joined Menlo Ventures, one of many oldest enterprise companies in Silicon Valley. Equally, former President of FTX US, Brett Harrison, based a start-up that plans to offer a GPT-4-powered buying and selling algorithm code generator.

In the meantime, Sam Bankman-Fried has remained underneath home arrest whereas awaiting trial for his position within the FTX and Alameda Analysis crash. Prosecutors alleged that Bankman-Fried had misused clients’ funds in dangerous investments and funneled funds to politicians. Nevertheless, the founding father of FTX pleaded not responsible to all the fees.

The crash of FTX, which was as soon as the third largest alternate on the earth, despatched shockwaves by the crypto ecosystem. Since then, many officers and personalities implicated within the case have submitted themselves for investigation. Whereas prosecutors in January sought a subpoena to research Zhe Wang, she is but to be accused of any wrongdoing.