Gary Wang, a former executive of bankrupt cryptocurrency exchange FTX, who testified against founder Sam Bankman-Fried, attends his sentencing on fraud charges at the United States District Court in Manhattan in New York City, U.S., November 20, 2024.
Wang was also ordered to forfeit $11 billion, the same as the other co-defendants.
When given the opportunity to address the court, Wang said he was deeply sorry to all the customers and investors in FTX.
Roos also noted that Wang was the first FTX employee to walk through the government's door but the last to be sentenced, as the FTX criminal proceedings come to a close.
In March, Bankman-Fried was sentenced to 25 years in prison and ordered to pay $11 billion — the harshest punishment from Judge Kaplan.
Persons:
Gary Wang, Sam Bankman, Wang, Nishad Singh, Lewis Kaplan, Nicolas Roos, Roos, Fried, Judge Kaplan, Alameda's, Caroline Ellison, Ryan Salame, I've, Kaplan
Organizations:
United States, Court, Alameda Research, U.S, Government, Southern, of
Locations:
Manhattan, New York City, U.S, FTX, Alameda, Bankman, —, of New York