Gary Wang, the co-founder of the now-defunct crypto exchange FTX, was sentenced on Wednesday to time served, along with three years of supervised …

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No Prison For FTX’s Gary Wang: Key Figure In $8 Billion Fraud Avoids Jail Time

Gary Wang, the co-founder of the now-defunct crypto exchange FTX, was sentenced on Wednesday to time served, along with three years of supervised release for his involvement in a sweeping $8 billion fraud scheme. This makes him the fifth and final ex-employee of FTX to face punishment in the fallout from the company’s collapse. Sentenced After Cooperation With Authorities  Wang, who pleaded guilty to four criminal charges including conspiracy to…

Bitcoinist

No Prison For FTX's Gary Wang: Key Figure In $8 Billion Fraud Avoids Jail Time

Gary Wang, the co-founder of the now-defunct crypto exchange FTX, was sentenced on Wednesday to time served, along with three years of supervised release for his involvement in a sweeping $8 billion fraud scheme. This makes him the fifth and final ex-employee of FTX to face punishment in the fallout from the company’s collapse. Sentenced […]

Bitcoin Insider

Gary Wang, the former FTX CTO, avoided prison time after cooperating with prosecutors in the trial of Sam Bankman-Fried (SBF), earning leniency for his extensive assistance. Wang’s cooperation and remorse played a significant role in securing SBF’s conviction, marking a key moment in the legal proceedings surrounding the FTX collapse and highlighting the importance of accountability.   Following a recent update shared by CNF on FTX investors con…

Crypto News Flash

Former FTX CTO Gary Wang Avoids Prison Time After Cooperation in SBF Trial

Source: Bitcoinist   
Gary Wang, the co-founder of the now-defunct crypto exchange FTX, was sentenced on Wednesday to time served, along with three years of supervised release for his involvement in a sweeping $8 billion fraud scheme. This makes him the fifth and final ex-employee of FTX to face punishment in the fallout from the company’s collapse. Sentenced After Cooperation With Authorities  Wang, who pleaded guilty to four criminal charges i…

TheSpuzz

Gary Wang, the former chief technology officer of FTX, has managed to avoid imprisonment. A judge chose to grant him leniency, despite his involvement in the cryptocurrency fraud that was orchestrated by former CEO Sam Bankman-Fried. U.S. District Judge Lewis Kaplan sentenced Wang to three years of supervised release and mandated that he return funds associated with his participation in the crypto scheme, according to reports. Wang entered a gui…

TRUEBITCOINER.COM

Gary Wang Leaves Crypto Fraud Case Unpunished

Wang, who was responsible for writing the code that enabled FTX’s fraudulent activities under the leadership of Sam Bankman-Fried, has […] The post FTX’s Former CTO Avoids Prison After Assisting in Government’s Investigation appeared first on CoinsPress.

No Prison For FTX’s Gary Wang: Key Figure In $8 Billion Fraud Avoids Jail Time

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