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FTX co-founder testifies against Sam Bankman-Fried, saying they committed crimes and lied to public

Source: cp24.com cp24.com
News Snapshot:

Larry Neumeister, The Associated Press NEW YORK (AP) – Prosecutors went to the heart of their case against FTX founder Sam Bankman-Fried on Thursday as the company's co-founder began his testimony, telling a New York jury that he and Bankman-Fried committed financial crimes and lied to the public before the cryptocurrency trading platform collapsed last year. Gary Wang, 30, said he committed wire, securities and commodities fraud as the chief technical officer at FTX after also sharing ownership in Alameda Research, a cryptocurrency hedge fund that he and Bankman-Fried started in 2017 and eventually used to withdraw $8 billion in…

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