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NEW YORK (Reuters) -Former cryptocurrency executive Gary Wang, who unwittingly wrote the computer code that helped FTX founder Sam Bankman-Fried steal about $8 billion from customers of the now ...
FILE - Gary Wang, co-founder and former chief technology officer of FTX Cryptocurrency Derivatives Exchange exits the Manhattan federal court after testifying on Oct. 10, 2023, in New York.
NEW YORK (AP) — An apologetic FTX co-founder was sentenced 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 for parts of three day s at Bankman-Fried’s trial last year ...
Prosecutors with the US Attorney's Office in Manhattan had urged leniency, citing Wang's cooperation in the case against Bankman-Fried. SBF’s ex-deputy Gary Wang avoids prison over FTX fraud ...
Former Alameda CEO Caroline Ellison and FTX co-founder Gary Wang are cooperating with prosecutors, the U.S. attorney for Southern New York said in a video statement. ... securities fraud and money ...
But the memo asserts Bankman-Fried would later “prey on Gary’s trusting nature to involve him in the FTX fraud.” It said Bankman-Fried recruited Wang, then a software engineer at Google, to ...
Gary Wang (born c. 1993) [1] is an American computer programmer who co-founded the crypto currency exchange FTX with Sam Bankman-Fried. At the height of his success in 2022, Wang was ranked the 227th richest American in the Forbes 400 , and the 431st richest person in the world by The World's Billionaires . [ 3 ]
On Nov. 11, Bahamas-based FTX filed for bankruptcy, and the next day, the Securities Commission of the Bahamas ordered Bankman-Fried and Wang, the former FTX CTO, to appear at 2 p.m. at the ...