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UNCOVERED: Ftx co founder sentenced with no prison time for cooperation | History Defined

Gary Wang FTX Prison Sam Bankman-Fried Crypto Lewis A Kaplan
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. (AP Photo/

An FTX co-founder was sentenced to no time in prison after being praised for his cooperation in the cryptocurrency fraud case involving Sam Bankman-Fried. The co-founder, Gary Wang, testified at Bankman-Fried's trial and played a key role in helping prosecutors recover funds for victims of the fraud.

Judge Lewis A. Kaplan commended Wang for being the first person to cooperate after FTX collapsed, leading to the extradition of Bankman-Fried. Bankman-Fried is currently serving a 25-year prison term for misappropriating over $11 billion in funds.

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