TechFlow news, November 7 — According to The Block, on November 6, 2024, lawyers for FTX co-founder Gary Wang submitted a sentencing memorandum requesting the court to impose no prison time. The memo emphasized that Wang has fully cooperated with authorities and did not have complete knowledge of FTX's criminal conduct.
The lawyers stated in the memorandum that Wang was unaware of sister company Alameda Research’s misappropriation of FTX customer funds and only learned about the fraud "long after it had begun." They also stressed that Wang’s good nature and trust were exploited by former FTX CEO Sam Bankman-Fried.




