💥 Former co-founder of FTX helps the US fight crypto fraud! 💥
Gary Wang, one of the creators of the collapsed exchange FTX, is working on software to monitor and prevent fraud for the US government. 🤖💻 His efforts include creating systems to detect scams in markets and illegal activities on crypto platforms. Such a turn of events is rare, but Wang is willing to do anything to atone for his sins.
His lawyers claim that Gary is not only developing technologies but also providing important testimony against former FTX CEO Sam Bankman-Fried. They noted that it was Wang who revealed the secrets of the backdoor and the "insurance" schemes of Alameda to investigators. 🎭
However, the question remains: will his efforts help him avoid imprisonment? After all, despite cooperating, his fate is still undecided. Meanwhile, the former head of Alameda, Caroline Ellison, has already begun her sentence in the Danbury federal prison (Connecticut) — 2 years and the confiscation of $11 billion. 🏛️
The situation with FTX shows that even in the world of cryptocurrencies, justice finds its way. What do you think about these events? 💬
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