Gary Wang, co-founder of the collapsed cryptocurrency exchange FTX, is set to be sentenced on November 20 in New York. Wang, who pleaded guilty to wire, commodities, and securities fraud, testified against former FTX CEO Sam Bankman-Fried, who received a 25-year sentence. Wang's lawyers argue for leniency, citing his limited role in the fraud. His potential sentence remains uncertain, but prosecutors suggest he could contribute to developing tools to detect illegal activities in crypto markets if given a lighter sentence. Wang's sentencing follows that of other FTX executives, including Caroline Ellison and Ryan Salame.
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