Wang Details Crimes With SBF and Cooperation With Prosecutors in FTX Collapse
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Wang testified about his plea deal and admitted committing crimes with SBF, Ellison, and Singh.
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Wang said he met with government officials 18 times and initially said SBF's "FTX is fine" tweet was true.
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Later, Wang said the tweet was true but misleading as FTX could not liquidate its FTT tokens without crashing the price.
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Wang testified that he understands the difference between solvency and liquidity when asked by SBF's lawyer.
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The testimony provided insight into Wang's cooperation with prosecutors and his knowledge of FTX's financial situation.
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