Before his enterprise, which he and Sam Bankman-Fried had constructed, collapsed in November 2022, Gary Wang was a cryptocurrency billionaire.

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Wang helped FTX, a key platform for buying and selling crypto derivatives, become a success after co-founding the cryptocurrency exchange.

Bankman-Fried filed for bankruptcy on behalf of FTX, FTX’s U.S. operations, and Alameda Research after users started quickly withdrawing their money from the exchange.

Wang, an MIT graduate, collaborated with Bankman-Fried to start the trading firms Alameda Research and FTX after working at Google where he developed methods to collect prices from millions of flights.

The majority of his wealth was invested in a 16% ownership in FTX and a portion of its FTT tokens.