FTX co-founder Gary Wang agreed to cooperate in Sam Bankman-Fried case in his first meeting with prosecutors: 'I thought I was likely to be charged'

• Gary Wang agreed to cooperate with prosecutors in his first meeting with them.
• He told jurors at Sam Bankman-Fried's trial that he knew what they did at FTX was wrong.
• "I thought I was likely to be charged and I wanted to get a shorter prison sentence," he testified Friday.

Gary Wang and Sam Bankman-Fried had known each other for years. The two met at a math camp in their high school years and later lived together while attending MIT before co-founding FTX, the cryptocurrency exchange.

It took only six days after FTX's bankruptcy for Wang to tell federal prosecutors he wanted to cooperate with their criminal investigation into his friend.