A United States judge has decided against imposing a prison sentence on Gary Wang, a former senior executive of the FTX exchange. This exchange had once been a significant player in the cryptocurrency trading field before its fall.
The decision was made by Judge Lewis Kaplan in Manhattan Federal Court, reflecting an unusually lenient approach in the context of a fraud case.
Despite entering a guilty plea, Wang was spared from prison time, a move that is relatively rare in such high-profile financial crime cases.
