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 US gov’t points to Gary Wang’s ’outstanding cooperation’ in FTX case Cointelegraph 13 Nov 2024

US gov’t points to Gary Wang’s ’outstanding cooperation’ in FTX case ⚖️

US prosecutors have highlighted the "outstanding cooperation" of FTX co-founder Gary Wang in the ongoing case involving the cryptocurrency exchange. Wang's cooperation is seen as pivotal in developing a tool to detect potentially illegal activities in crypto markets.

In light of his cooperation, prosecutors have suggested a sentence of time served for Wang. This recommendation underscores the value placed on his assistance and his potential role in enhancing the security and integrity of cryptocurrency transactions.

The development of such tools is critical for identifying and mitigating fraudulent actions within the market, making Wang's expertise and cooperation particularly significant in the broader regulatory and technological landscape of cryptocurrency.

Source: cointelegraph.com ↗

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