FTX Fraud Case: Gary Wang Spared Prison, But Instead Forfeits $11 Billion

Quick Summary:

Gary Wang, co-founder and former Chief Technology Officer of FTX, has been spared prison time in the FTX fraud case from his cooperation with authorities.

On November 20, 2024, US District Judge Lewis Kaplan sentenced Wang to time served, three years of supervised release, and ordered him to forfeit $11 billion in illegally obtained funds.[…]

The post FTX Fraud Case: Gary Wang Spared Prison, But Instead Forfeits $11 Billion appeared first on Coin Edition.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Nynu V Jamal

Category: Crypto

Markets: IndiaBahamas

Topics: Ftx News Market Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 09:02:13 (14 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 145 words

Reading Time: 1 minutes read

Sentences: 43 lines

Sentence Length: 4 words per sentence (average)

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

Copyright Owner: © Coinedition

News ID: 23734565

View Article Analysis

About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 9 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #124

Publisher Details

Frequently Asked Questions