Former FTX insider Gary Wang works on crypto fraud detector after testifying about crypto fraud – DL News
- The former FTX CTO testified about fraud at FTX.
- He’s also developing a tool to identify illicit activities on other exchanges.
- His sentencing hearing is on November 20.
Gary Wang, co-founder and former CTO of failed crypto exchange FTX, not only helped the federal government prosecute his former boss for fraud.
Wang is also helping potentially identify illicit activities on other crypto exchanges, according to a court document filed ahead of his November 20 sentencing for his role in the FTX debacle.
In December 2022, Wang struck a plea deal with the Department of Justice. He was a key witness in the trial of former FTX CEO Sam Bankman-Fried, who was eventually sentenced in March to 25 years in prison. Bankman-Fried has appealed his…
