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Molly White (molly0xfff@hachyderm.io)'s status on Thursday, 14-Nov-2024 05:30:09 JST Molly White

Interesting: in the government’s sentencing submission for FTX’s Gary Wang, they note he has “created a tool for the detection of potential fraud in the stock market” and is “in the process of developing a similar tool for cryptocurrency markets” for government use.
https://storage.courtlistener.com/recap/gov.uscourts.nysd.590939/gov.uscourts.nysd.590939.538.0_1.pdf
#FTX #crypto #cryptocurrency
In conversation about 7 months ago from hachyderm.io permalink
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1. The computer coding concepts that Wang implemented at FTX have implications for fraud detection. Since he began cooperating with the Government, Wang has created a tool for the detection of potential fraud in the stock market.1 Specifically, [redacted paragraph] 1. The Government respectfully requests that the portion of its sentencing brief providing details about the fraud detection tools being developed by Wang be maintained under seal. The public disclosure of those details could potentially undermine the effectiveness of the tool. The proposed redaction and sealing will still permit the public discussion of the general nature of Wang’s proactive cooperation. 
  https://media.hachyderm.io/media_attachments/files/113/477/537/116/134/550/original/ff84be25bccd8c3c.png
2. The tool has significant potential value to the Government. [redacted paragraph] To provide further assistance, Wang is in the process of developing a similar tool for cryptocurrency markets, which – if he is sentenced to a time served sentence – the Government hopes it will be able to take advantage of early next year. Wang’s willingness to use his skills proactively, to help detect other criminal activity in financial markets, distinguishes his cooperation from the vast majority of cooperating witnesses to appear before this Court. 
  https://media.hachyderm.io/media_attachments/files/113/477/537/112/516/368/original/ffbdfcb4e0f8acfe.png
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  Molly White (molly0xfff@hachyderm.io)'s status on Thursday, 14-Nov-2024 05:44:59 JST Molly White
  in reply to
  
  coming soon to the walls of the SDNY prosecutors’ office
  #FTX #crypto #cryptocurrency
  In conversation about 7 months ago permalink
  Attachments
  1. Fake “Cooperator of the Year” plaque for Gary Wang
    https://media.hachyderm.io/media_attachments/files/113/477/594/229/071/616/original/38b1276491fc566d.jpg
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  Darryl Ramm (darryl_ramm@hachyderm.io)'s status on Thursday, 14-Nov-2024 05:59:38 JST Darryl Ramm
  in reply to
  
  @molly0xfff
  Detection of potential fraud in cryptocurrency markets seems a somewhat easy goal.
  
  In conversation about 7 months ago permalink

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