- Caroline Ellison, the previous CEO of Alameda Study, and FTX cofounder Gary Wang have pleaded guilty to fraud.
- The two have also agreed to cooperate with the prosecutors, the US attorney for the Southern District of New York reported.
- FTX co-founder Sam Bankman-Fried is staying transferred to the US from Bahamas.
Caroline Ellison, the previous CEO of Alameda Exploration, and FTX cofounder Gary Wang have pleaded responsible to fraud, Damian Williams, the US attorney for the Southern District of New York reported Wednesday.
Ellison and Wang have also agreed to cooperate with the prosecutors, Williams included in a assertion.
—US Lawyer SDNY (@SDNYnews) December 22, 2022
The improvement came just as FTX cofounder Sam Bankman-Fried is set to be extradited to the US on Wednesday night time.
“Samuel Bankman-Fried is now in FBI custody and is on his way back again to the United States. He will be transported right to the Southern District of New York, and he will show up in court docket just before a choose in this district as shortly as feasible,” Williams included.
Bankman-Fried resigned as the CEO of FTX on November 11, the exact day the troubled trade submitted for Chapter 11 bankruptcy, as it failed to secure a rescue following an powerful 7 days-lengthy liquidity squeeze.
Bankman-Fried has been on a media apology tour given that FTX’s collapse but advised the New York Times in late November that he failed to think he’s lawfully accountable.
This is a developing tale. You should check out again for updates.
