Former FTX CTO Gary Wang Won’t Have To Serve Prison Time, Judge Rules

Coindesk
2024-11-20
  • Gary Wang, the former chief technology officer at FTX, was spared prison time by a judge on Wednesday.
  • Wang immediately met with prosecutors after FTX's collapse in 2021. His cooperation deserved a "world of credit," the judge said.
  • He was the last FTX executive to be sentenced.

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.

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