FTX co-founder Gary Wang receives no prison sentence for crypto fraud

FTX co-founder Gary Wang receives no prison sentence for crypto fraud

Prosecutors hailed ‘first FTX cooperator to come in the door’, helping put away Sam Bankman-Fried for decades

An apologetic FTX co-founder was sentenced on Wednesday to no time in prison after a prosecutor and a federal judge praised his cooperation against Sam Bankman-Fried and his efforts to recover money for victims of the cryptocurrency fraud.

Gary Wang testified three partial days at Bankman-Fried’s trial last year, explaining his role as FTX’s chief technology officer in a fraud that the judge Lewis A Kaplan described as one of the two or three biggest in US history.

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