The former chief technology officer of disgraced crypto exchange FTX is dodging prison time cooperating with the US government.
According to a report from Reuters, Wang – a computer programmer who unwittingly wrote the code that allowed former FTX CEO Sam Bankman-Fried to steal billions of dollars from customers – is being spared prison for his role in the multibillion-dollar downfall of FTX.
Judge Lewis A. Kaplan said that Wang will be avoiding prison time because he served as a key witness against Bankman-Fried during the trial and went on to create tools to help the government uncover fraud.
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According to previous reports, Wang’s tools aim to enable surveillance of both the stock and crypto markets.
“In a further, extraordinary step, Gary has worked with
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