FTX Co-Founder Avoids Prison After Cooperating Against Sam Bankman-Fried

Reported about 16 hours ago

Gary Wang, co-founder of FTX, received no prison time after cooperating with prosecutors in the case against Sam Bankman-Fried. Wang testified for three days at Bankman-Fried's trial, sharing crucial information that aided in his extradition from the Bahamas. While expressing remorse for his role in the cryptocurrency fraud, he was commended by the judge for his cooperation and efforts to help recover losses for victims. Bankman-Fried is currently serving a 25-year sentence for fraud that misappropriated over $11 billion.

Source: YAHOO

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