In an event hosted by Wilson Sonsini partner Jess Cheng on April 2, Thane Rehn, an Assistant U.S. Attorney for the Southern District of New York, shared reflections on and lessons learned from the high-profile trial of Sam Bankman-Fried following the spectacular fall of crypto exchange FTX. The event, which delved into the story behind the headlines, was covered by Reuters.
U.S. prosecutors were able to charge FTX founder Sam Bankman-Fried shortly after the cryptocurrency exchange's 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 Wang's assistance was key to helping investigators understand how Bankman-Fried stole $8 billion in customer funds.
"Without that, would we have found it? Probably," Rehn said at a discussion hosted by law firm Wilson Sonsini. "But it would have taken a software expert weeks or even months."
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