Wang Details Crimes With SBF and Cooperation With Prosecutors in FTX Collapse

Wang testified about his plea deal and admitted committing crimes with SBF, Ellison, and Singh.

Wang said he met with government officials 18 times and initially said SBF's "FTX is fine" tweet was true.

Later, Wang said the tweet was true but misleading as FTX could not liquidate its FTT tokens without crashing the price.

Wang testified that he understands the difference between solvency and liquidity when asked by SBF's lawyer.

The testimony provided insight into Wang's cooperation with prosecutors and his knowledge of FTX's financial situation.