They put the blame on young chinese girl for ftx collapse,

[syed putra]

SO WHO PUT HER ThERE?​

The COO at FTX is a 28 year-old ex-Credit Suisse analyst​

by Sarah Butcher 17 minutes ago

As Sam Bankman-Fried's creation crumbles under a mountain of debt, questions are being asked about how it came to this. Similar questions were asked at Credit Suisse after the Archegos scandal. But while the culpability for Archegos was pinned on multiple Credit Suisse managing directors, some of the blame at FTX might possibly be attributed to a former Credit Suisse analyst with only a few years' experience.
Constance Wang joined FTX as chief operating officer in the Bahamas in 2019. Initially, she was chief operating officer (COO) of FTX's crypto derivatives exchange. In January 2022 she was promoted as CEO of FTX digital markets, with responsibility for the Bahamas HQ. An org chart published by the Information puts her one level below Sam Bankman-Fried.

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This looks like a big job. All the more so because Wang is only a few years into her career. Before she joined FTX, most of her time had been spent at Credit Suisse in Singapore.
Wang wasn't an MD at Credit Suisse. She wasn't even a director or associate director. She was an analyst and she worked at the bank for two years, first in KYC in the private bank and then in APAC risk and controls. It was her first job out of university.
Admittedly, Wang didn't go straight from Credit Suisse to FTX - there was an eight-month detour to Huobi Global, a crypto exchange in Singapore first. However, the fact that this was sufficient to land her a job in her late 20s running 'institutional clients servicing and operational procedure,' at a fund with $1bn of revenues last year, looks slightly questionable.
Wang clearly wasn't responsible for the misfortune that's befallen FTX. This accolade goes to SBF, who reportedly informed investors yesterday that he "f-cked up" and would appreciate some more money. And yet the fact that someone so junior had a job that appears to have been so senior raises questions about the competency of staff across FTX, and maybe the crypto industry as a whole.

 

[SBFNews]

How much?

 

[syed putra]

How much?

Too much

 

[50000]

SBF got SPGed

 

[blackmondy]

Mediocre people are put onto high places just to take the rap when shit hits the fan.

 

[laksaboy]

Ask the guy whom she had opened her legs to.

 

[JohnTan]

SO WHO PUT HER ThERE?​

The COO at FTX is a 28 year-old ex-Credit Suisse analyst​

by Sarah Butcher 17 minutes ago

As Sam Bankman-Fried's creation crumbles under a mountain of debt, questions are being asked about how it came to this. Similar questions were asked at Credit Suisse after the Archegos scandal. But while the culpability for Archegos was pinned on multiple Credit Suisse managing directors, some of the blame at FTX might possibly be attributed to a former Credit Suisse analyst with only a few years' experience.
Constance Wang joined FTX as chief operating officer in the Bahamas in 2019. Initially, she was chief operating officer (COO) of FTX's crypto derivatives exchange. In January 2022 she was promoted as CEO of FTX digital markets, with responsibility for the Bahamas HQ. An org chart published by the Information puts her one level below Sam Bankman-Fried.

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This looks like a big job. All the more so because Wang is only a few years into her career. Before she joined FTX, most of her time had been spent at Credit Suisse in Singapore.
Wang wasn't an MD at Credit Suisse. She wasn't even a director or associate director. She was an analyst and she worked at the bank for two years, first in KYC in the private bank and then in APAC risk and controls. It was her first job out of university.
Admittedly, Wang didn't go straight from Credit Suisse to FTX - there was an eight-month detour to Huobi Global, a crypto exchange in Singapore first. However, the fact that this was sufficient to land her a job in her late 20s running 'institutional clients servicing and operational procedure,' at a fund with $1bn of revenues last year, looks slightly questionable.
Wang clearly wasn't responsible for the misfortune that's befallen FTX. This accolade goes to SBF, who reportedly informed investors yesterday that he "f-cked up" and would appreciate some more money. And yet the fact that someone so junior had a job that appears to have been so senior raises questions about the competency of staff across FTX, and maybe the crypto industry as a whole.

PAP is wise to not promote people into such positions of leadership unless they first have 10 years of experience.

 

[Flying Horse]

You mean she is so naive to believe that after stepping out from school only couple of years she is so exceptionally talented to handle all the financial crocodiles in the treacherous would of global Finance ? The reality is she is actually groomed to be the sacrificial lamb should this house of card collapse. Old folks had this to advise those naive - 螳螂捕蝉，黄雀在后。

 

[Flying Horse]

PAP is wise to not promote people into such positions of leadership unless they first have 10 years of experience.

Don't bet on the PAP now. People come people go. Rules can be changed in the name of "We got to evolved with time". Every party including PAP is ruled by a handful of business-minded oligarchs. Otherwise you won't see them openly calling themselves we are driving force behind the "Singapore Incorporated". When they get desperately short of trusted lieutenants, they would try to cut it short, a little at a time and their excuse is "Look, others or doing it". This is how degeneration seeps on gradually.

 

[CoffeeAhSoh]

 

[mojito]

You mean she is so naive to believe that after stepping out from school only couple of years she is so exceptionally talented to handle all the financial crocodiles in the treacherous would of global Finance ? The reality is she is actually groomed to be the sacrificial lamb should this house of card collapse. Old folks had this to advise those naive - 螳螂捕蝉，黄雀在后。

Can't possibly find some one with 20 yrs experient in crypto, no?

 

[Balls2U]

SBF got SPGed

SBF - SammyBoy Forum?

 

[birdie69]

SO WHO PUT HER ThERE?​

The COO at FTX is a 28 year-old ex-Credit Suisse analyst​

by Sarah Butcher 17 minutes ago

As Sam Bankman-Fried's creation crumbles under a mountain of debt, questions are being asked about how it came to this. Similar questions were asked at Credit Suisse after the Archegos scandal. But while the culpability for Archegos was pinned on multiple Credit Suisse managing directors, some of the blame at FTX might possibly be attributed to a former Credit Suisse analyst with only a few years' experience.
Constance Wang joined FTX as chief operating officer in the Bahamas in 2019. Initially, she was chief operating officer (COO) of FTX's crypto derivatives exchange. In January 2022 she was promoted as CEO of FTX digital markets, with responsibility for the Bahamas HQ. An org chart published by the Information puts her one level below Sam Bankman-Fried.

Newsletter sign up​

Get the latest career advice and insight from eFinancialCareers straight to your inbox
Sign up
This looks like a big job. All the more so because Wang is only a few years into her career. Before she joined FTX, most of her time had been spent at Credit Suisse in Singapore.
Wang wasn't an MD at Credit Suisse. She wasn't even a director or associate director. She was an analyst and she worked at the bank for two years, first in KYC in the private bank and then in APAC risk and controls. It was her first job out of university.
Admittedly, Wang didn't go straight from Credit Suisse to FTX - there was an eight-month detour to Huobi Global, a crypto exchange in Singapore first. However, the fact that this was sufficient to land her a job in her late 20s running 'institutional clients servicing and operational procedure,' at a fund with $1bn of revenues last year, looks slightly questionable.
Wang clearly wasn't responsible for the misfortune that's befallen FTX. This accolade goes to SBF, who reportedly informed investors yesterday that he "f-cked up" and would appreciate some more money. And yet the fact that someone so junior had a job that appears to have been so senior raises questions about the competency of staff across FTX, and maybe the crypto industry as a whole.

Did our Temasek and GIC suffer any loss?

 

[Flying Horse]

Did our Temasek and GIC suffer any loss?

FTX is prominently highlighted within the WEF official website. This means it had the full endorsement of the WEF financial backers. Temasek is just one of the many players like Softbank, Vanguard, BlackRock, StateStreet etc lending thier name to a startup. All those $billions valuation are just smokescreen to attract the real money in. When the bubble burst, only those who put the real money get busted. Never the big Crocs.

Did our Temasek and GIC suffer any loss?

 

[bushtucker]

Nerdy Sam got Fried by PRC

 

[bart12]

She is a fcuked buddy for SBF

 

[Singapore Dancing Spirit]

She was part of the inner circle…

But the innermost circle was managed by only three members.

1. SBF
2. Nishad Singh
3. Gary Wang

 

[Singapore Dancing Spirit]

It was a huge loss for Temasek run by an Indian CEO

 

[laksaboy]

It doesn't matter who is put there. FTX has been a money laundering operation from the very beginning. And Temasek got burnt.

 

[Singapore Dancing Spirit]

Mdm Ho loves Indians