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Gary Wang, co-founder of FTX, was sentenced to time served and three years of supervised release after pleading guilty to multiple fraud charges. He was ordered to forfeit $11 billion and credited for his cooperation with authorities, which included testifying against founder Sam Bankman-Fried. Wang expressed remorse in court, stating he took the "cowardly path" and vowed to make amends.
Nishad Singh, former head of engineering at FTX, received no jail time but was sentenced to three years of supervised release and ordered to forfeit $11 billion for his role in the crypto fraud. His cooperation with authorities was deemed significant, leading to a lighter sentence compared to other FTX executives. Singh expressed remorse in court, acknowledging his straying from personal values while highlighting his assistance in the investigation.
Nicolas Roos
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ftx co-founder gary wang sentenced to time served and supervised release
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16:50 20.11.2024
nishad singh receives no jail time in ftx fraud case
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21:33 30.10.2024
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