Crypto

Judge rules Gary Wang, former FTX CTO, will not serve prison time

Following FTX’s collapse, Wang quickly met with prosecutors, becoming one of the crucial cooperating witnesses in Bankman Fried’s trial. Alongside former Alameda Research CEO and Bankman-Fried’s ex-girlfriend, Caroline Ellison, Wang played a key role in the case. During Wang’s sentencing, Judge Kaplan acknowledged his cooperation, stating that he deserved a “world of credit.”

Wang’s swift action in meeting with prosecutors after FTX’s collapse highlighted his willingness to assist in the investigation. His cooperation was instrumental in shedding light on the events leading to the collapse and providing valuable information for the trial.

As one of the key cooperating witnesses, Wang’s testimony helped prosecutors build their case against Bankman Fried. His firsthand account of the events leading up to the collapse provided crucial insights and evidence for the trial.

Overall, Wang’s cooperation was essential in uncovering the truth behind FTX’s collapse. His willingness to come forward and assist in the investigation played a significant role in the legal proceedings against Bankman Fried and other individuals involved in the case.

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Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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