Caroline Ellison to Testify Next Week After Wang
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FTX co-founder Gary Wang is on the stand Friday in the trial of Sam Bankman-Fried, the cryptocurrency exchange’s other co-founder. Wang, Bankman-Fried’s MIT roommate, is the first of three star witnesses testifying for the government.
Wang spent less than an hour on the witness stand Thursday but quickly testified that he and Bankman-Fried committed a multibillion-dollar fraud at the cryptocurrency exchange. Wang, 30, pleaded guilty to fraud and criminal conspiracy last December, a month after FTX’s collapse, in a cooperation deal with federal prosecutors