News Post

Economic Times

Economic Times

| 15d

Sam Bankman-Fried prosecutor says Gary Wang's cooperation sped up case

FTX founder Sam Bankman-Fried was charged by US prosecutors due in part to the cooperation of the former chief software engineer of the cryptocurrency exchange, Gary Wang. Wang's assistance was crucial in understanding how Bankman-Fried stole $8 billion in customer funds. Without Wang's help, it would have taken much longer for investigators to uncover the fraud. Bankman-Fried was recently sentenced to 25 years in prison and plans to appeal the conviction. Wang, along with other former FTX employees, pleaded guilty to fraud and testified against Bankman-Fried during the trial.

No Comments yet

Download the medial app to read full posts, comements and news.