Gary Wang, a co-founder and former bigwig of the now-collapsed FTX crypto empire, has asked a judge to be spared from prison after a fellow executive managed to avoid a lengthy sentence.

The founder’s lawyer argued that Wang faced the fewest criminal counts in the case and was one of the first to admit wrongdoing, court documents filed Wednesday show.

Wang pleaded guilty to fraud in December 2022—one month after the company’s quick and unexpected collapse and subsequent bankruptcy filing. 

“He was the first to cooperate,” Wang’s lawyer Ilan Graff wrote. “He received no bonus payments, obtained orders of magnitude less money from FTX and Alameda than his codefendants, and never changed his simple lifestyle.” 

Graff continued that Wang “never aspired to fame or the trappings of weal

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Author: Mathew Di Salvo