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Sam Bankman-Fried was not surprised by $8bn FTX shortfall, key witness says

Gary Wang says Bankman-Fried had ‘neutral demeanor’ when told crypto exchange had lost billions days before collapse

Sam Bankman-Fried was not surprised by FTX’s $8bn shortfall in the days before its collapse, saying “that sounds correct” when his co-founder Gary Wang ran the numbers and uncovered its startling deficit.

“He had a neutral demeanor,” Wang testified in Manhattan federal court on Friday, his second day as a prosecution witness in Bankman-Fried’s crypto trial.

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