Gary Wang, former CTO of FTX, has been spared from serving prison time due to his cooperation with prosecutors. Wang was closely associated with FTX founder Sam Bankman-Fried and played a role in the crypto exchange’s fraudulent activities.
His case marks the conclusion of sentencing for members of Sam Bankman-Fried’s inner circle collaborating with authorities. This reflects a significant development in the ongoing repercussions of FTX's collapse and the legal proceedings surrounding it.
