Mr. Wang is the last of Sam Bankman-Fried’s close friends to receive a sentence for the 2022 fraud that led to the crypto change to decline. After cooperating with U.S. lawyers, Gary Wang, a close friend and coworker of the humiliated crypto mogul Sam Bankman-Fried, on Wednesday avoided jail time for his part in the decline of the FTX crypto exchange. Mr. Wang is the next important cooperating witness to receive a sentencing sentence without any jail time. Otherwise, a federal judge sentenced him to three years of supervised release. Judge Lewis A. Kaplan, who has presided over the situation, told Mr. Wang that he deserved a “world of funds” for the amount of his assistance. ” You soon did the right thing”, Judge Kaplan said. Weeks after FTX failed in 2022, Mr. Wang, then 31, pleaded guilty to participating in the fraud of$ 8 billion from the bank’s clients. He agreed to cooperate with lawyers, and testified for the authorities at the 2023 test of Mr. Bankman-Fried, whom Mr. Wang had known since they were adolescents. Mr. Bankman-Fried was found guilty on seven counts of fraud, crime and wealth fraud, and was sentenced to 25 years in prison. He has appealed the judgment. Before Mr. Wang’s imprisonment, his lawyers requested that he offer no jail time, while lawyers even called for mercy. The post content is retrievable with difficulty. In your browser’s settings, kindly help Browser. Thank you for your patience while exposure is verified. If you are in Audience mode please leave and log into your Times accounts, or listen for all of The Times. Thank you for your patience while exposure is verified. Presently a customer? Register in. Want all of The Times? Subscribe.