FTX Founder Gary Wang Hopes to Avoid Prison—Unlike SBF and Caroline Ellison

Quick Summary:

Gary Wang's legal team asked for the FTX co-founder to be spared from prison, much like fellow exec Nishad Singh was after cooperating.

Bankman-Fried recently filed an appeal, with his legal team suggesting that he was "presumed guilty" going into the trial.

He was a key witness in the FTX case, and in 2023 testified that the firm’s insiders—particularly Bankman-Fried—had access to the exchange’s customer deposits to make bets on Alameda Research, a sister company and trading desk.

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Article Details

Author / Journalist: Mathew Di Salvo

Category: Crypto

Markets: Estonia

Topics: Caroline Ellison Gary Wang Ryan salame Sam Bankman-Fried Law and Order Ftx Nishad singh

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 18:26:55 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 499 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 23464723

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 7 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 8 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

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