BREAKING: FTX co-founder Gary Wang and former Alameda Research co-CEO Caroline Ellison both plead guilty to federal charges and are cooperating with prosecutors.
The co-founder of cryptocurrency exchange FTX and the former CEO of Sam Bankman-Fried's hedge fund, Alameda Research, have pleaded guilty to fraud,The former CEO, Caroline Ellison, and the co-founder of FTX, Gary Wang, are both cooperating with prosecutors, the U.S. attorney for the Southern District of New York said in a video statement.
Bankman-Fried, 30, has been indicted and is accused of misappropriating billions of dollars deposited in FTX, a huge cryptocurrency exchangeEllison and Wang were charged"in connection with their roles in the frauds that contributed to FTX’s collapse," U.S. Attorney Damian Williams said. He said in Wednesday night's announcement that Bankman-Fried was in FBI custody and was being transported to the U.S. from the Bahamas, where he was arrested on Dec. 12.Customers lost an estimated more than $8 billion, the acting director of the Commodity Futures Trading Commission’s Enforcement Division has said.This is a developing story. Please check back for updates.
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Associates of FTX Founder Sam Bankman-Fried Plead Guilty to Criminal ChargesBreaking: Sam Bankman-Fried's former associates Caroline Ellison and Gary Wang pleaded guilty to criminal charges for their roles in fraud that contributed to FTX's collapse, prosecutors say
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FTX co-founder Gary Wang, ex-Alameda CEO Caroline Ellison plead guilty to federal chargesOn the same day that that the Bahamas extradited FTX co-founder and former CEO Sam Bankman-Fried to the U.S. to face criminal charges, two former executives at FTX and Alameda Research pleaded guilty Wednesday to federal fraud charges.
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Pantera CEO on the FTX collapse: Blockchain didn’t failDan Morehead, the CEO of Pantera Capital, highlighted that business in the blockchain space is moving back to safer entities.
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Ex-FTX CEO Sam Bankman-Fried agrees to be extradited to U.S., sources saySam Bankman-Fried, the former CEO of FTX, has agreed to be extradited from the Bahamas to the U.S. to face charges related to the failed crypto exchange's collapse.
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Sam Bankman-Fried's ex-girlfriend, FTX co-founder plead guilty to criminal chargesSam Bankman-Fried's ex-girlfriend and the co-founder of FTX have each pleaded guilty to criminal charges and are cooperating with prosecutors, U.S. Attorney Damian Williams says.
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