Gary Wang, who had an integral role in the FTX collapse, escaped prison time after cooperating with U.S. prosecutors, receiving a sentence of supervised release instead.
Judge Kaplan commended Wang's cooperation, stating he deserved a 'world of credit' for doing the right thing by testifying against his friend and former boss, Sam Bankman-Fried.
After pleading guilty to participating in the theft of $8 billion, Wang' testimony helped secure a conviction against Bankman-Fried, who now faces a 25-year prison sentence.
The recommendations from both Wang's lawyers and prosecutors for leniency contributed to the federal judge's decision to impose only three years of supervised release instead of prison time.
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