Whereas FTX and SBF, respectively, proceed to seem in court docket, former executives of the defunct crypto buying and selling group have began popping up elsewhere.
Amy Wu, previously an govt at FTX Ventures, has since joined Menlo Ventures, a mainstay of Silicon Valley’s enterprise capital ecosystem. Brett Harrison, who led FTX US when he resigned two months in the past earlier than the collapse, is banking on the AI hype practice and has since based a startup that plans to construct a buying and selling algorithm round GPT-4.
Zhe “Constance” Wang – the previous chief working officer of FTX – allegedly left for China shortly after the FTX implosion and has since been employed by Sino International Capital, a China-based crypto funding fund.
New place in keeping with earlier expertise
For the previous 4 and a half years, Wang has been an govt at FTX, serving as COO for 3 years and 9 months.
Zhe Wang’s expertise within the crypto sector goes again additional than his tenure as FTX COO. Earlier than becoming a member of the previous behemoth, Wang labored as an funding analyst at Credit score Suisse for 2 years earlier than a short stint at Huobi, based on his LinkedIn profile.
Wang’s new profession transfer was reported by Bloomberg, which cited a confidential supply who declined to disclose too many particulars concerning the place.
Earlier relationship with SGC
It is essential to notice that Brett Harrison, Amy Wu and Zhe Wang haven’t been charged with any wrongdoing – and with the trove of proof unearthed by US authorities, proof of intentional wrongdoing might have surfaced since then.
Nevertheless, the connection between SGC and FTX goes again to the very starting, says the SBF itself.
SGC, which was based in 2015 by Beijing-based investor Matthew Graham, was an early investor in FTX. Most lately in 2021, SGC launched a model new $200 million fund with FTX appearing as one of many lead buyers.
The SBF thanked the SGC group for his or her cooperation, citing the affect they allegedly had on FTX.
“From the start, Matthew and the Sino International Capital group supported the FTX imaginative and prescient after which labored with us to assist make it a actuality.”
As appearing COO, it is not exhausting to think about that Wang benefited from networking with the SGC group – networking that has since led to a brand new place within the crypto funding sector.
For now, Zhe Wang shouldn’t be listed as a member of the SGC, and her alleged new place within the agency continues to be unknown.
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