Gary Wang, one of the co-founders of the now-defunct cryptocurrency exchange FTX, has received his sentencing related to the exchange's collapse in 2022. He was handed down a sentence of time served, marking the conclusion of legal proceedings for the FTX executives.
The exchange's collapse had led to significant fraud charges for Wang and other executives. Wang's sentencing signifies the final chapter for the company's leadership in facing justice for their actions.
This development follows a series of legal challenges and accusations against FTX's key figures, highlighting the ongoing repercussions of the exchange's fall from grace.
