Gary Wang, the co-founder and former Chief Technology Officer of now-defunct crypto exchange FTX testified on 6 October 2023 that the company had manipulated the value of its insurance fund. This fund was purportedly established to safeguard users from significant losses during large-scale liquidation events. According to a report by Tom Mitchelhill for Cointelegraph published […]
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FTX Co-Founder Gary Wang Testifies: Company Misrepresented $100 Million Insurance Fund
