Sam Bankman-Fried prosecutor says coder’s cooperation sped up case

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Speaking five days after Bankman-Fried was sentenced to 25 years in prison, Assistant US Attorney Thane Rehn said former FTX Chief Technology Officer Gary Wang’s assistance was key to helping investigators understand how Bankman-Fried stole US$8 billion in customer funds. Jurors in Manhattan found Bankman-Fried, 32, guilty last November on seven counts of fraud and conspiracy, in what prosecutors termed one of the biggest financial frauds in US history.Bankman-Fried is expected to appeal his conviction, after testifying that he made mistakes in managing risk but never intended to steal funds. He had been arrested in December 2022, just one month after FTX’s collapse and bankruptcy.

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