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Gary Wang, a former executive of bankrupt cryptocurrency exchange FTX, who testified against founder Sam Bankman-Fried, attends his sentencing on fraud charges at the United States District Court in Manhattan in New York City, U.S., November 20, 2024. 

Brendan Mcdermid | Reuters

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 counts he pled guilty to, becoming the fifth and final ex-employee of the collapsed crypto exchange to be punished. Wang was also ordered to forfeit $11 billion, the same as the other co-defendants.

Wang, who took the stand in the trial against his former boss Sam Bankman-Fried, faced a maximum sentence of 50 years for the four criminal counts he pleaded guilty to, including conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud and conspiracy to commit securities fraud. 

After FTX’s former engineering chief Nishad Singh successfully avoided prison time when he was sentenced by Judge Lewis Kaplan last month, Wang was seeking the same sentence citing his nearly immediate cooperation with the government.

When given the opportunity to address the court, Wang said he was deeply sorry to all the customers and investors in FTX.

“I took the easy path, the cowardly path, instead of doing the right thing,” Wang said in a short address to the court, as he clutched a single printed piece of paper that he never referenced from the podium.

“I will spend the rest of my life trying to make amends,” he added.

Wang’s parents, as well as his wife, who is expecting their first child, were in court to support him.

Attorneys for Wang say he didn’t have full visibility on the crimes, unlike the other cooperating witnesses, and didn’t know that FTX’s sister hedge fund Alameda Research was taking customer money until after the scheme was underway.

The government was also seeking leniency for Wang.

Assistant U.S. Attorney Nicolas Roos described Wang as the easiest cooperating witness he had ever worked with, and he credited Wang for essentially deciphering half of the case for the Government by meticulously unpacking the complicated code used by FTX that allowed for the customer money to be taken off the exchange.

In the sentencing submission, prosecutors added that since testifying against the former FTX CEO, Wang has “put his extraordinary computer programing skills to use in detecting potential fraud in the stock and cryptocurrency markets,” and has built an interface that the government has started using for detecting potential fraud by publicly traded companies.

In addition, “Wang has also been working on a tool for detection of potential illegal activity in cryptocurrency markets, which in the event Wang is sentenced to a period of time served, the Government understands he will complete as part of his ongoing cooperation.”

Roos also noted that Wang was the first FTX employee to walk through the government’s door but the last to be sentenced, as the FTX criminal proceedings come to a close.

In March, Bankman-Fried was sentenced to 25 years in prison and ordered to pay $11 billion — the harshest punishment from Judge Kaplan.

Alameda’s ex-CEO Caroline Ellison, who was the star witness in Bankman-Fried’s prosecution and his ex-girlfriend, was sentenced to two years in prison for her role in the crime. And Ryan Salame, another former top lieutenant of Bankman-Fried, was sentenced to seven and a half years in prison in May — beyond the upper limit recommended by prosecutors.

All FTX former executives have faced sentencing before Judge Kaplan. The no-nonsense 78-year-old judge is a veteran of the Southern District of New York and has presided over some of the biggest cases to roll through the courthouse at 500 Pearl Street in downtown Manhattan.

“I’ve never seen anything quite like what happened here,” Kaplan said of Wang’s cooperation. “You’re entitled to a lot of credit.”

Caroline Ellison sentenced to two years in prison for role in FTX collapse

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CES2025 | John Deere autonomous mower promises a perfect cut, every time

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CES2025 | John Deere autonomous mower promises a perfect cut, every time

At CES2025, the impressively built-out John Deere exhibit was all about automation. Autonomous job sites, autonomous farms … but it was this new, battery electric, autonomous lawn mowing robot that stole the show.

The self-driving Deere mower robot was positively dwarfed by the giant farm machinery surrounding it, but it continues to prove that humans will pack bond with anything as more than one burly-looking and grizzled man asked what its name was. (It’s Howard. I’ll fight you.)

For his part, Howard packs a 21.4 kWh battery pack that runs a suite of electric motors that includes a drive motor and three cutting blade motors spread across a 60 inch cutting deck – but it’s not the electric motors that make John Deere’s little robot mower cool, it’s the way it works.

See, instead of using “just” GPS data or “just” repeating a pre-recorded run, Howard can do something in between. The way it was explained to me, you would ride the stand-up mower around the perimeter of the area you wanted to mow, select a pattern, then hop off, fold up the platform, and let it loose. Howard mows just the way you would, leaving you to focus on edging, planting, or (let’s face it) schmoozing with the clients.

It’s exactly the sort of help landscapers are looking for.

But that should come as no surprise, of course. John Deere, perhaps more than most companies, knows its customer. “We’ve been in the turf business for 60 years — it’s a core part of Deere,” says Jahmy Hindman, chief technology officer at John Deere, explaining things beautifully. “The work that’s being done in this industry is incredibly labor intensive … they’re not just doing the mowing work. They’re doing the tree trimming, maintaining flowerbeds and all these other jobs. The mowing is table stakes, though, for them to get the business. It’s the thing they have to do in order to get the higher value work.”

Tim Lewis, lead engineer with the commercial automatous mower, told Lawn & Landscape that the industry in general has a high turnover rate as well, making it difficult to hang to people who know where one job ends and another begins. “There’s a lot of nuances it takes to do these jobs effectively,” he explains, “so “Autonomy can help with that.”

The John Deere autonomous commercial mower (there’s no snazzy alphanumeric, yet) leverages the same camera technology as other Deere autonomous machines, but on a smaller scale (since the machine has a smaller footprint). With two cameras each on the front, left, right, and rear sides of the little guy, he has a 360-degree view of the world and enough AI to lay down a pattern, avoid an obstacle, and shut off if it thinks it’s about to mow down something (read: someone) it shouldn’t.

John Deere will have Howard on display through tomorrow at CES in the LVCC’s West Hall. If you’re in town, be sure to go say hi.

John Deere CES2025

SUOURCE | IMAGES: John Deere; Electrek.

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Tesla sales fall, Honda brings back ASIMO, and a bunch of stuff from CES2025

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Tesla sales fall, Honda brings back ASIMO, and a bunch of stuff from CES2025

Despite big discounts and 0% financing, Tesla sales are down for the first time in a decade … but there’s even bigger robot news with the return of Honda ASIMO, a flying car from China, and a whole lot more from today’s episode of Quick Charge!

CES2025 was all about AI – and not just what AI could do, but what AI could do for you. That’s where ASIMO comes in, helping everyone have a better time in there car and not at all just a modern day version of KITT dreamed up by a bunch of Gen X executives (wink, wink). We also cover some neat stuff from Suzuki, Aptera, Volvo, and more. Enjoy!

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players

New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news!

Got news? Let us know!
Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.

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This is the Tesla Model Y Juniper refresh, just unveiled in China

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This is the Tesla Model Y Juniper refresh, just unveiled in China

Tesla has officially unveiled the Model Y “Juniper” refresh, less than a day after uncamouflaged photos of the vehicle leaked online.

The refreshed Model Y, codenamed Juniper, has been expected for some time, and was expected to include many of the improvements of the 2023 Model 3 refresh.

In October, Chinese social media said the refresh was about to enter trial production, and just days later we saw a photo of the refreshed Model Y outside the Shanghai factory. Then last month, we heard that mass production would start in Shanghai in January, so we can expect that very soon as well.

And while Tesla said in 2024 that there’s no Model Y refresh coming “this year”, 2024 is over now, and the refresh is here.

Today, Tesla updated its Chinese website with all the information about the refreshed Model Y, with many of the same improvements as the Model 3 refresh like a quieter cabin, higher efficiency, more performance, ambient lighting and a rear screen.

According to Tesla’s site, the new Model Y can achieve 719km of range (446mi) in Long-range AWD spec with 19-inch wheels, but this is based in CLTC estimates, which are much more lenient than EPA. Previously the highest-range spec had 688km CLTC range, so that’s about a 20-mile improvement.

The 20″ wheels on the long range version will take you 662km, and RWD standard-range batteries will go 593km or 559km on the 19″ and 20″ wheels respectively.

We imagine this could translate to roughly ~350 miles of range on the top-spec Model Y on EPA ratings, but we’ll have to see when the car gets released in the US.

Acceleration has also been improved, with Tesla saying the large-battery AWD Model Y can achieve 0-100km/h (0-62mph) in 4.3 seconds, down from a previous 4.9. The RWD version does the same sprint in 5.9 seconds. Both of these numbers would be slightly shorter for 0-60 times, because of those extra 2mph at the end.

There is no performance version yet – just as with the post-refresh Model 3, which didn’t get a performance spec until later.

The exterior design is just as leaked photos suggested, with the same rear end we saw in leaks in July and the front end that we saw earlier today. Though now we get to see it in higher resolution and better lighting.

The front-end includes a Cybercab/Cybertruck-like “light bar” rather than the more traditional-looking headlights of the Model 3 refresh, and has been narrowed to remove the “duck lip” bump at the front of the hood.

Also on the front end is a new front bumper camera (again, like the Cybertruck, but unlike the Model 3), which should help with parking and also offer an additional point-of-view for Tesla’s Autopilot software. The inclusion of this camera, while it will improve Autopilot accuracy, does lead to questions over whether previously vehicles that don’t have a front bumper camera will be able to achieve the same level of accuracy as refreshed vehicles do.

And the interior design changes are also roughly as expected, though the steering wheel has undergone less radical changes than some had hoped.

Earlier today, photos leaked suggesting that the Model Y would receive a similar “squircle” steering wheel as the Cybertruck, leading to speculation that it might also receive the Cybertruck’s steer-by-wire system. But it turned out that those photos were just a Model 3 with a custom steering wheel.

The actual interior of the Model Y maintains a circular steering wheel, which suggests that it won’t get steer by wire (the steer-by-wire specification isn’t listed on Tesla’s Chinese site for the car).

It does however have photos showing missing steering column stalks, which has been a controversial feature of the Model 3.

However, looking closer at the steering wheel, the turn signal buttons from the Model 3 are not present. It looks like Tesla may have included a vestigial turn signal stalk hiding behind the steering wheel, and just deleted the PRND drive mode stalk.

This is still a controversial change, as changing drive modes through the screen isn’t the most popular feature, but the turn signal deletion was particularly egregious and it’s good to see it back. We wonder if the Model 3 might eventually gain this improvement, or whether this will be different in different regions.

Tesla says the new “acoustic glass” in the Model Y reduces interior noise significantly. The Model 3 also got this improvement, and testing does show a significant improvement in interior noise levels as a result.

The Model Y receives other interior improvements seen on the 3, like a screen for the rear seat. The Cybertruck also includes this screen.

This shot also shows the ambient lighting LED strip across the dash, which can be customized through the vehicle’s UI.

Another rear-end improvement is electric rear seats, operated through a button in the trunk. This button gives easier access to rear storage space, allowing owners to fold the rear seats up or down while loading or unloading cargo.

Tesla’s Chinese website calls these “anti-gravity” seats, but it’s unclear what exactly the improvements might be in this respect. The seats are ventilated.

First deliveries are scheduled for March in China, subject regulatory approval, though Tesla’s configurator says “the specific delivery date will vary depending on the configuration and pick-up location and other reasons.”

Tesla is offering a “Launch series” in China, something that Tesla has done with many of its cars, but hasn’t done before in the US with the Model 3/Y. It includes some unique design elements and “Launch series” badging in various parts of the vehicle.

As for other regions, they will probably have to wait. The Model 3 refresh came out in Europe first, and the US needed to wait months for it. This is particularly likely now given new US tariffs on Chinese-built cars (which are a bad idea).

Electrek’s Take

As I wrote in the Take section of our leaked photos article earlier today, this refresh is needed, because not only has the Model 3 had access to lots of improvements that the Model Y hasn’t gotten for the last year and a half or so, but Tesla is having a challenging time with sales right now.

The company just finished a year where its sales dropped for the first time since 2011 – back when Tesla only sold the low-production Roadster. This happened despite the overall global EV market surging to new heights, even though Tesla, the world’s largest EV maker (just barely), did its part to drag down the EV market by failing to grow apace with the rest.

Part of the reason for this is due to stale models – while the Model Y is Tesla’s best-selling model, it’s starting to seem a little long in the tooth, particularly given the Model 3’s upgrades. So we wondered earlier today whether the Model Y refresh could reignite Tesla’s growth.

But it’s not just about models. After all, Tesla did just finish its first full year of Cybertruck production, which is a new model, but its polarizing nature led to disappointing sales numbers.

That polarization is not helped by Tesla CEO Elon Musk, who is doing his best to harm the company and say phenomenally stupid things or make ridiculous promises basically every day (or every few minutes). His idiotic behavior is turning away customers, whether he believes it or not.

Maybe the company – not the stock – would be better off if he surrendered his title and let Tesla have a real CEO, so he can go play videogames on twitter all day instead (as he already does).


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