Gary Wang utilizes tech know-how to help federal examinations and style anti-fraud tools for crypto oversight.
Author: Yuki Iwamura
Key Takeaways
- Gary Wang is establishing softwareapplication tools to discover scams in crypto exchanges.
- Wang’s cooperation is part of a plea offer to prevent jail time after the FTX scandal.
Gary Wang, co-founder and previous CTO of stoppedworking crypto exchange FTX, is helping the federal federalgovernment in establishing softwareapplication tools to identify monetary scams and illegal activities on crypto exchanges, according to a court file submitted ahead of his November 20 sentencing.
“Gary has worked with the federalgovernment to style and develop a brand-new softwareapplication tool to find prospective monetary scams in public markets,” Wang’s legalrepresentatives composed in a Wednesday court filing.
They included that the FTX co-founder is “developing a different tool focused on recognizing illegal activi