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2 Comments
tldr; Gary Wang, former CTO of FTX, avoided prison time due to his cooperation in the case against Sam Bankman-Fried. Wang pleaded guilty to fraud and conspiracy charges and testified against Bankman-Fried, who was convicted of fraud. Wang’s cooperation and lesser role in the scheme were considered by US District Judge Lewis Kaplan, leading to leniency. Wang is now working on software to detect crypto fraud. This marks the end of legal proceedings for Bankman-Fried’s associates, with Bankman-Fried serving a 25-year sentence.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
When the shit hits the fan I want this guys lawyer