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Cryptocurrency News Articles
Gary Wang, Co-Founder of FTX, Dodges Prison Time for His Role in the Collapse of the Crypto Giant
Nov 21, 2024 at 03:05 am
Gary Wang, co-founder of FTX, walked out of a Manhattan courtroom on Wednesday with a sentence of time served
FTX co-founder Gary Wang walked out of a Manhattan courtroom on Wednesday with a sentence of time served, narrowly avoiding any further jail time for his role in the collapse of the crypto giant.
Wang faced the judge and apologized, choking back tears as he spoke. “I am deeply sorry to the people who were hurt by my actions,” he said, his voice breaking. He admitted to taking what he called “the cowardly path” instead of standing up against the fraud.
U.S. District Judge Lewis A. Kaplan made the call, praising Wang’s swift and decisive cooperation after the FTX empire imploded late last year. Wang’s testimony and tech expertise played a major role in taking down the man behind it all — Sam “SBF” Bankman-Fried.
His regret wasn’t enough to erase his role in one of the largest financial scandals in crypto history, but it did sway the court. Kaplan acknowledged the weight of Wang’s cooperation, calling it extraordinary.
“I’ve never seen anything quite like what happened here,” he said.показати ще
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- HBO Max Reddit Account Hijacked for Crypto-Stealing Malware Attack: A New Wave of Sophisticated Scams
- Sep 17, 2026 at 12:05 pm
- A sophisticated malware campaign, dubbed PasteSwitch, leveraged the verified HBO Max Reddit account to distribute crypto-stealing malware, highlighting evolving threats to user accounts and digital assets.
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- House Committee Advances Strategic Bitcoin Reserve Bill, Shaping Future of Federal Crypto Holdings
- Sep 17, 2026 at 12:05 pm
- The House Financial Services Committee approved the American Reserve Modernization Act, moving the Strategic Bitcoin Reserve bill forward to establish federal Bitcoin and digital asset stockpiles.
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- Crypto Tax Bill: Digital Assets Face New Tax Rules, But Clarity Remains Elusive
- Sep 17, 2026 at 08:05 am
- The House advanced a crypto tax bill aiming to align digital asset tax rules with traditional finance, offering some relief but leaving key questions, especially for mining and staking, unresolved.
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- Bitcoin, Ether Brace for Continued Volatility as Fed's Unanimous Rate Hike Signals Hawkish Resolve
- Sep 17, 2026 at 07:55 am
- The Federal Reserve's unanimous quarter-point rate hike on September 16, 2026, sent Bitcoin and Ether swinging, as Chair Kevin Warsh doubled down on an inflation-first approach, setting the stage for ongoing crypto market recalibration.
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- MEV Bot Yoink's $7.8M Intervention: A Wild Ride in the Ethereum rsETH Exploit Saga
- Sep 17, 2026 at 07:45 am
- An MEV bot named Yoink recently front-ran a $7.8 million rsETH exploit on Ethereum, securing funds before a hacker could. This incident highlights the complex interplay of MEV bots, DeFi vulnerabilities, and the ongoing quest for blockchain security.
