FTX founder Sam Bankman-Fried’s top associates plead guilty to US charges

FTX founder Sam Bankman-Fried’s top associates plead guilty to US charges

2 years ago
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https://arstechnica.com/tech-policy/2022/12/ftx-founder-sam-bankman-frieds-top-associates-plead-guilty-to-us-charges/

Two of FTX founder Sam Bankman-Fried’s closest associates have pleaded guilty to fraud and agreed to co-operate with US authorities investigating the collapse of the bankrupt cryptocurrency exchange, a federal prosecutor in Manhattan said on Wednesday.

Damian Williams, the US attorney for the Southern District of New York, announced the guilty pleas and criminal charges against Caroline Ellison, former chief executive of FTX trading affiliate Alameda Research, and Zixiao “Gary” Wang, a co-founder of FTX, in a short video statement. His office had brought eight charges against Bankman-Fried last week.

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