Gary Wang
Co-founder and CTO of FTX, who wrote code that secretly let Alameda Research draw on FTX customer funds. He pleaded guilty, cooperated against Sam Bankman-Fried, and was sentenced in 2024 to time served.
Also known as: Zixiao Wang, Gary Wang
Bio
Gary Wang co-founded FTX and served as its chief technology officer. He testified that code changes he made allowed Alameda Research to withdraw billions in FTX customer funds, and that this was concealed from the public. [1][2]
Legal outcome
Wang pleaded guilty to fraud charges, cooperated extensively with prosecutors, and on November 20, 2024 was sentenced to time served (no additional prison) plus supervised release, subject to the $11 billion forfeiture. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Sources (2)
See also
Luke BelmarIndividualsCryptocurrency influencer Luke Belmar (@lukebelmar on X) became the subject of controversy following allegations related to the promotion of a memecoin. Critics on social media alleged that Belmar used a series of posts referencing a forthcoming cryptocurrency project and a large-scale airdrop to generate interest in a token without explicitly identifying a specific contract address. Belmar published multiple posts discussing an upcoming memecoin, describing plans for what he characterized as a major airdrop and making comparisons to other cryptocurrency projects. Because no contract address was publicly provided, several tokens emerged claiming association with his statements. Critics alleged that this ambiguity enabled speculation around multiple tokens while avoiding a direct endorsement of any particular asset.
Evolved Apes (NFT)ProjectsAn NFT collection launched on OpenSea in September 2021 that promised a fighting game. About a week later its anonymous developer 'Evil Ape' vanished with 798 ETH (~$2.7M). In June 2024 U.S. prosecutors charged three U.K. nationals over the scheme.
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