News with the tag "Gary wang"

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...

According to multiple reports, U.S. District Judge Lewis Kaplan sentenced Wang to time served, three years of supervised release, and has been ordered to forfeit illicit funds obtained as part of the scheme. Wang was responsible for writing the actual code that executed illicit transactions of FTX c...

Inner City Press reports that the former FTX executive Gary Wang, who admitted to creating the code enabling Sam Bankman-Fried to misappropriate $8 billion from the now-bankrupt cryptocurrency exchange, has avoided prison. Crypto Whistleblower or Accomplice? FTX’s Gary Wang Avoids Prison Reuters fur...

The former chief technology officer of disgraced crypto exchange FTX is dodging prison time cooperating with the US government. According to a report from Reuters, Wang – a computer programmer who unwittingly wrote the code that allowed former FTX CEO Sam Bankman-Fried to steal billions of dollars f...

Former FTX chief technology officer and close friend of Sam Bankman-Fried, Gary Wang, won’t have to serve prison time for his involvement in the crypto exchange’s fraud scheme, The New York Times reported.

Gary Wang, a former FTX executive, is developing software to help the U.S. government detect fraud in the stock market. Read original article on coincu.com

Prosecutors suggested that the FTX co-founder would be better able to develop a tool to detect “potential illegal activity” in crypto markets if sentenced to time served.

FTX co-founder and former CTO Gary Wang continues to work with US authorities after giving his testimony at the trial of his college roommate and ex-colleague, Sam Bankman-Fried. Wang is among the FTX executives who were charged following the collapse of the FTX crypto exchange. He pleaded guilty to...

Gary Wang, FTX’s co-founder, has asked through his legal team for a non-custodial sentence in a memo filed last November 6th in connection with the United States v. Sam Bankman-Fried. The computer programmer argued that he should not serve jail time over his supposed involvement with the failed FTX ...

Cooperation with prosecutors and aiding in Sam Bankman-Fried's conviction could sway the former FTX executive's fate.