Former FTX COO Hired by Sino Global Capital: Report

While FTX and SBF, respectively, continue to appear in court, former executives of the defunct crypto trading group have started to pop up elsewhere.

Amy Wu, who was previously an executive at FTX Ventures, has since joined Menlo Ventures, a mainstay of Silicon Valley’s venture capital ecosystem. Brett Harrison, who led FTX US before resigning two months prior to the collapse, is banking on the AI hype train and has since founded a startup that plans to build a trading algorithm around GPT-4.

Zhe “Constance” Wang – the former Chief Operating Officer of FTX – allegedly left for China shortly after FTX imploded and has since been hired by Sino Global Capital, a China-based crypto investment fund.

New Position in Line With Previous Experience

For the past four and a half years, Wang has been an executive at FTX, serving as COO for 3 years and nine months.

Zhe Wang’s experience in the crypto sector goes further back than her stint as FTX COO. Before joining the former behemoth, Wang worked as an investment analyst at Credit Suisse for two years before a brief stint at Huobi, according to her LinkedIn profile.

Wang’s new career move was reported by Bloomberg, which cited a confidential source that refrained from revealing too many details about the position.

Previous Ties to SGC

It’s important to note that Brett Harrison, Amy Wu, and Zhe Wang have not been accused of any wrongdoing – and with the treasure trove of evidence unearthed by U.S. authorities, evidence of intentional wrongdoing would probably have since surfaced.

However, the ties between SGC and FTX go back to the very beginning, according to SBF himself.

SGC, which was founded in 2015 by Beijing-based investor Matthew Graham, was an early investor in FTX. As recently as 2021, SGC launched a brand new $200 million fund with FTX acting as one of the leading investors.
SBF thanked the SGC team for their collaboration, mentioning the powerful impact they allegedly had on FTX.

“From the very beginning, Matthew and the Sino Global Capital team supported the FTX vision and then worked with us to help make it a reality.”

As acting COO, it’s not hard to imagine that Wang benefited from networking with the SGC team – networking that has since led to a new position in the crypto investment sector.

For now, Zhe Wang is not listed as a member of SGC, and her alleged new position within the firm is as of yet unknown.