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.
Linked scams & cases
Sources (2)
See also
- Blockchain Terminal (BCT)TokensA 2017–2018 ICO (BCT tokens, ~$30M) for a 'Blockchain Terminal' — a Bloomberg-style crypto trading terminal. The SEC and DOJ said convicted ex-hedge-funder Boaz Manor secretly ran it under a fake identity ('Shaun MacDonald'), using associate Edith Pardo as a front, and lied about the product's adoption.
- Dropil (DROP)TokensAn ICO for the DROP token built around a fake 'Dex' trading bot. The SEC said it raised ~$1.9M while claiming $54M from 34,000 investors, and that the founders falsified evidence during the probe. Founders Jeremy McAlpine and Zachary Matar pleaded guilty to securities fraud (36 and 30 months).
- CluCoin (CLU)Tokens
This page was last updated on Jun 8, 2026. View revision history.