Former FTX exec Gary Wang avoided prison, testified against founder, aiding 25-year sentence.

Former FTX executive Gary Wang, who co-authored code that enabled the theft of billions from the crypto exchange, avoided prison. He pleaded guilty to fraud and conspiracy but testified against FTX founder Sam Bankman-Fried, leading to Bankman-Fried's 25-year sentence. Wang received a lenient sentence of time served and three years of supervised release for his cooperation with prosecutors.

November 20, 2024
71 Articles