FTX's Gary Wang Develops Fraud Detection Software for U.S. Government

Wang seeks leniency at sentencing for aiding prosecutors with tools to uncover stock and crypto market fraud.

Gary Wang, former FTX chief technology officer, has created software to detect fraud in stock and cryptocurrency markets.
Prosecutors are advocating for leniency in Wang's upcoming sentencing due to his cooperation and assistance.
Wang's software development follows his involvement in enabling Sam Bankman-Fried to misappropriate $8 billion from FTX customers.
Bankman-Fried is currently serving a 25-year sentence, while other FTX executives have received varying sentences.
Details of Wang's fraud detection tools remain confidential to preserve their effectiveness, according to court filings.