Sam Bankman-Fried’s ex-deputy Gary Wang spared prison time over FTX fraud

Quick Summary:

Wang cooperated with the prosecution and testified in the trial that led to Bankman-Fried’s conviction on fraud and other charges.

Wang was one of several FTX executives who lived with Bankman-Fried in a US$35 million penthouse in the Bahamas, where the exchange was based until its November 2022 bankruptcy.

They reconnected while studying at the Massachusetts Institute of Technology, and eventually went into the cryptocurrency business together.

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Article Details

Author / Journalist: Reuters

Category: Technology

Markets: Hong KongBahamas

Topics: Exchange Bankman-fried Cryptocurrency Judge Bankman-fried’s Prison Kaplan Wang Time Fraud Culpability

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 00:58:09 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 221 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 32 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 23722391

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Official Website: scmp.com

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