FTX co-founder and former CTO Gary Wang continues to work with US authorities after giving his testimony on the trial of his school roommate and ex-colleague, Sam Bankman-Fried.
Wang is among the many FTX executives who have been charged following the collapse of the FTX crypto alternate. He pleaded responsible to 4 legal counts in December 2022.
In a sentencing memorandum filed on November sixth, Wang’s attorneys ask the courtroom to contemplate how their consumer cooperated with the federal government and prolonged help past the prosecution of Bankman-Fried.
“Gary has made himself obtainable to testify at two different trials on this district. He has met with the Authorities and Federal Bureau of Investigation (FBI) particular brokers to help efforts to make use of FTX’s database to advance different pending investigations.”
The attorneys say that Wang additionally labored with US authorities to develop instruments that may doubtlessly mitigate the dangers of economic fraud.
“In an extra, extraordinary step, Gary has labored with the Authorities to design and construct a brand new software program software to detect potential monetary fraud in public markets and, at prosecutors’ path, is at present growing a separate software targeted on figuring out illicit exercise on crypto exchanges.”
The courtroom doc, which was submitted forward of Wang’s sentencing on November twentieth, is asking the courtroom to spare the 31-year-old from jail time.
“A custodial sentence would fail to account for his relative culpability and distinctive cooperation, and unnecessarily disrupt his capability to additional help the Authorities and proceed contributing to his household and the broader world.”
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