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FTX co-founder Gary Wang avoids prison time for role in crypto fraud

CNBC
Summary
Nutrition label

76% Informative

Gary Wang , co-founder and ex-technology chief of FTX , was sentenced Wednesday to time served and three years of supervised release on each of the four criminal counts he pled guilty to.

Wang was seeking leniency citing his nearly immediate cooperation with the government.

In March , Sam Bankman-Fried was sentenced to 25 years in prison and ordered to pay $11 billion .

VR Score

79

Informative language

81

Neutral language

35

Article tone

formal

Language

English

Language complexity

56

Offensive language

possibly offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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