Crypto collapse: FTX’s fall is one piece of a long, cold, contagious crypto winter
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FTX co-founder Gary Wang won’t face prison time.
During trial, prosecutors pressed Wang for creating code that allowed Alameda to have a negative balance in FTX’s database.
But the prosecution ultimately advocated for Wang during his sentencing on Wednesday, citing his cooperation in deciphering the FTX case, along with his work to create a tool to help the government to detect fraud, CNBC reports.
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