Kaplan praised Wang for being the first person to cooperate after FTX collapsed in November 2022, sharing information that enable prosecutors to quickly extradite Bankman-Fried.
Wang apologized to customers and investors, stating, 'I'm deeply sorry to all the people hurt by my actions. There were so many things I could have done differently.'
Assistant US attorney Nicolas Roos described Wang's cooperation as heroic, highlighting the importance of his contributions in the recovery of funds for FTX victims.
Bankman-Fried is serving a 25-year prison term for a fraud that misappropriated over $11bn of funds that belonged to customers, investors, and lenders.
Collection
[
|
...
]