Constance Wang says she discovered at around 3 a.m., during a crisis meeting, that FTX faced a funding gap of roughly $8 billion. The exchange was dealing with about $6 billion in customer withdrawals over a 72-hour period following Changpeng Zhao’s announcement that Binance would sell FTT. Wang, who joined FTX in 2019 and briefly served as co-CEO during the collapse, said her personal holdings fell from more than $1 billion to approximately $80,000. She co-founded Pacifica in 2025, and the platform reported monthly trading volume of $10 billion as of October 2026.
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