On October 5 (Day 3 of the Sam Bankman-Fried “SBF” Trial), the prosecution called some key witnesses to prove that SBF committed fraud. One of the witnesses called was FTX Co-founder and SBF’s associate Gary Wang with the former FTX executive making several revelations about SBF’s wrongdoings.
What Wang Said About Sam Bankman-Fried On The Stand
According to a thread on the X (formerly Twitter) platform by Inner City Press, which was present at the trial, Wang admitted that he, alongside Caroline Ellison, Nishad Singh, and most importantly, Sam Bankman-Fried, had conspired to commit crimes at FTX.
Following this admission, the prosecution went on to hammer on the crime of wire fraud and asked how Wang to elaborate on how that happened. He replied that they allowed Alameda Research to withdraw “unlimited funds.” Collaborating with the earlier claims of the prosecution, Wang stated that this was made possible through a code.
In an attempt to lay a foundation for FTX’s hi
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