Former FTX CTO Gary Wang Requests No Prison Time for Role in Crypto Exchange's Implosion
Gary Wang, a former FTX CTO and member of Sam Bankman-Fried's inner circle, has requested to avoid prison time for his involvement in the crypto exchange's collapse in 2022. Wang pleaded guilty to four criminal counts in December 2022, including wire fraud and conspiracy to commit securities fraud. While the charges carry a maximum sentence of 50 years, the sentences given to Wang's former colleagues may be a better indicator of his potential sentence. Bankman-Fried received a 25-year sentence, while Ryan Salame received 7.5 years and Caroline Ellison received 2 years. Nishad Singh, who cooperated with prosecutors, was not sentenced to jail time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Flaunch.gg: Is This Meme Coin Launchpad the Next Pump.Fun Killer?
Tech giants bounce back after AI disruption, S&P 500 nears record high
TON Faces Deleveraging as Retail Investors Exit, Opening Accumulation Opportunity
What Will 2025 Look Like for Bitcoin? Investment Company Executive Answers According to His Model