According to reports from a reliable news outlet, the ex-FTX COO, Constance Wang who made waves in the crypto market during FTX bankruptcy is now working with Sino Global, an Asian-focused cryptocurrency startup.
While the former FTX CEO and founder is undergoing trial and under house arrest, some of the top-level executives are held liable for their actions and facing legal actions brought against them as they accept the charges.
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On the other hand, some of the company’s key executives like former COO Constance Wang are chasing after a new beginning.
Previously, Wang worked at FTX as its Chief Operating Officer before the company collapsed and was regarded as Sam Bankman-Fried’s right-hand person.
Wang held many different top-level positions in FTX including Chief Operations Officer which was the highest authoritative role after that of FTX CEO.
She worked in the exchange for nearly 4 years before the exchange’s collapse and bankruptcy.
In A Brief
- Constance Wang has worked in various small-scale firms, before joining Sino Global. She was also the co-general manager of the firm’s subsidiary, FTX Digital Markets in the Bahamas. Before coming to FTX, Wang worked at Credit Suisse and Huobi Global.
- Wang was known as a close assistant of Sam Bankman-Fried, the former CEO and founder of FTX. Even Wang’s LinkedIn profile shows that she is in charge of the company’s international user growth, partnerships, marketing, corporate clients, geographical expansion, and public relations.
- Sino Global’s CEO and founder Mathew Graham was Sam Bankman-Fried’s close associate and confidant. Moreover, Sino Global and FTX are deeply connected beyond ordinary equity investment.
- Wang is the chief of the Sino Global gaming team according to the statements of the company’s CEO and founder.
- Although Wang assisted Bankman-Fried in his cryptocurrency empire and was summoned by the company’s creditors, she wasn’t accused of any law violation or mentioned in the legal action linked to FTX or Alameda collapse.
What’s Happening in Crypto Today?
The worldwide market cap is at $1.21T which is an increase of 0.55% for the past day. The overall market volume for the past 24 hours is at $32.15B which is showing a decline by 10.39%.
Bitcoin is still dominating the market presently by 48.43% which is a decrease of 0.12%. Meanwhile, Bitcoin presently trades at $29,991.55, with an increase in market cap by 0.36% and a decline in volume by 5.64%.
Ethereum on the other hand, is trading at $1,908.80 with an increase in market cap by 0.41% and a decrease in trading volume by 17.52%.
- At present, Tether is trading at $1.00 with an increase in market cap by 0.01% and a decline in trading volume by 11.05%.
- Similarly, XRP is trading at $0.791with an increase in market cap by 6.41% and an increase in volume by 52.30%
