Sino Global Taps Former FTX Boss, Bankman-Fried Associate Constance Wang To Lead Gaming
Portfolio Pulse from Murtuza Merchant
Constance Wang, former associate of the bankrupt FTX (CRYPTO: FTT), is set to lead gaming at Sino Global Capital. Wang previously held positions at FTX and its Bahamas affiliate FTX Digital Markets. Sino Global Capital, which had previously invested in FTX, is a crypto venture capital firm established in 2015. The news highlights the ability of former FTX employees to move on from the legal drama surrounding FTX's bankruptcy.
July 19, 2023 | 5:10 pm
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NEUTRAL IMPACT
FTX (CRYPTO: FTT) went bankrupt in November. The news of former employees finding new roles may have a neutral impact on the asset as it is already defunct.
FTX is already bankrupt, so the news of former employees finding new roles doesn't directly impact the asset. However, it may influence the perception of the asset and its management.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100