Gary Wang, a co-founder of the cryptocurrency exchange FTX, pleaded guilty to charges related to fraud in December 2022. This came after the major collapse of FTX in November of the same year. Despite the severity of the charges, he has been granted a verdict of no prison time, according to various reports.
The fallout of the FTX exchange was highly publicized and led to significant repercussions in the cryptocurrency industry. Despite these events, Wang's agreement with authorities might have influenced the judgement, resulting in leniency in his sentencing.
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