Gary Wang, the former chief technology officer of FTX, a prominent cryptocurrency exchange, will not face prison time for his involvement in the company's fraudulent activities. This decision came from a judge who ruled in favor of Wang, as reported by The New York Times.
Wang, who was closely associated with FTX's founder Sam Bankman-Fried, was implicated in the fraud scheme but will avoid incarceration. This development marks a significant turn in the ongoing investigations and legal proceedings surrounding the activities of FTX and its former executives.
