FTX Co-Founder Agrees to Cooperate with Prosecutors, Details Company's Improper Use of Customer Funds
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Gary Wang agreed to cooperate with prosecutors in Sam Bankman-Fried criminal case, hoping for reduced prison sentence
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Wang was FTX co-founder and chief technology officer, knew Bankman-Fried for years from math camp and MIT
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Wang told prosecutors he thought he'd be charged, wanted shorter sentence by cooperating
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Wang detailed to jury how FTX funds were improperly mixed with Alameda Research
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Wang testified he knew FTX lied to customers about safety of deposits used by Alameda