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

Decrypt LogoDecrypt13h ago

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

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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FTX Founder Gary Wang Hopes to Avoid Prison—Unlike SBF and Caroline Ellison - Decrypt (Picture 1)

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Article Details

Author / Journalist: Mathew Di Salvo

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 18:26:55 (13 hours 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

Decrypt Logo

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 1 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 1 days ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

Publisher Details

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The story "FTX Founder Gary Wang Hopes to Avoid Prison—Unlike SBF and Caroline Ellison" has 499 words across 20 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "FTX Founder Gary Wang Hopes to Avoid Prison—Unlike SBF and Caroline Ellison" was covered 13 hours ago by Decrypt, a news publisher based in Estonia.

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Decrypt is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in Estonia and publishes an average of 1 news stories per day.

It's most recent story was published 1 days ago.

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  • URL: https://beamstart.com/news/ftx-founder-gary-wang-hopes-17310069423108

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