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Market Cap:
24h Vol:
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Bitcoin Bitcoin Share: 59.56%
Markets: 90821
Coin Edition
2024-11-21 09:02:13

FTX Fraud Case: Gary Wang Spared Prison, But Instead Forfeits $11 Billion

FTX Fraud Case: Gary Wang Spared Prison, But Instead Forfeits $11 Billion

Gary Wang, co-founder and former Chief Technology Officer of FTX, has been spared prison time in the FTX fraud case from his cooperation with authorities. On November 20, 2024, US District Judge Lewis Kaplan sentenced Wang to time served, three years of supervised release, and ordered him to forfeit $11 billion in illegally obtained funds. The post FTX Fraud Case: Gary Wang Spared Prison, But Instead Forfeits $11 Billion appeared first on Coin Edition .

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