Gary Wang, the co-founder of the now-defunct crypto exchange FTX, was sentenced on Wednesday to time served, along with three years of supervised release for his involvement in a sweeping $8 billion fraud scheme. This makes him the fifth and final ex-employee of FTX to face punishment in the fallout from the company’s collapse. Sentenced After Cooperation With Authorities Wang, who pleaded guilty to four criminal charges including conspiracy to commit wire fraud and conspiracy to commit securities fraud, faced a potential maximum sentence of 50 years. However, according to…
