Constance Wang, former chief operating officer of FTX, learned of the exchange's liquidity crisis only hours before the public became aware of the collapse. During a war room meeting at approximately 3 a.m. in November 2022, Wang saw a spreadsheet documenting a funding gap of roughly $8 billion.
Earlier that same day, Wang was tasked with reassuring FTX's VIP clients as the platform experienced approximately $6 billion in customer withdrawals over a 72-hour period. The withdrawal surge followed an announcement from Binance CEO Changpeng Zhao that he planned to sell FTX's native token, FTT.
Wang joined FTX in early 2019 as one of its earliest employees and served as COO from that point forward. In the exchange's final months, she briefly held the position of co-CEO and remained among the last senior executives in the Bahamas after Sam Bankman-Fried's extradition. Wang had substantial personal financial exposure to FTX, with her holdings at one point exceeding $1 billion before falling to approximately $80,000 following the collapse.
Since the collapse, Wang has not left the cryptocurrency industry. In 2025, she co-founded a new trading platform called Pacifica, which reported monthly trading volume of $10 billion as of October 2026. In recent media appearances, Wang has defended the integrity of the FTX team and commented on an upcoming Netflix portrayal of the events surrounding the exchange's downfall.
