FTX’s C-Suite has been, for the most part, cooperative with the authorities. Excluding Ryan Salame – who preferred not to say anything for the moment to avoid incrimination – and two other execs who left before the collapse and have not been accused of any wrongdoing, they’ve pleaded guilty and agreed to testify in court.
Following Wang’s unequivocal admission of guilt, the court asked the former CTO how his firm generated revenue. Wang responded that revenue was generated through trading fees. “Sam said it would be easier to get a bank account. […] Don’t name it ‘Shit Coin Daytraders Inc.’ No one doesn’t like research.”
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