Key Points
NEW YORK (Reuters) U.S. prosecutors were able to charge FTX founder Sam Bankman-Fried shortly after the cryptocurrency exchanges collapse in part because they secured the cooperation of its chief software engineer, one of the prosecutors said on Tuesday...
Speaking five days after Bankman-Fried was sentenced to 25 years in prison, Assistant U.S. Attorney Thane Rehn said former FTX Chief Technology Officer Gary Wangs assistance was key to helping investigators understand how Bankman-Fried stole $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 U.S. history...
Rehns comments highlighted the importance of the governments three main cooperating witnesses Wang, former FTX engineering chief Nishad Singh, and Caroline Ellison, the former chief executive of Bankman-Frieds Alameda Research hedge fund..
In his testimony, Wang said Bankman-Fried asked him to change FTX software code to let Alameda withdraw unlimited funds from the exchange...
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