Caroline Ellison and FTX Co-Founder Gary Wang Plead Guilty to Fraud – The New York Times

Two former top executives of Sam Bankman-Fried’s crypto trading empire have pleaded guilty to federal criminal fraud charges and are cooperating in the prosecution of the disgraced crypto entrepreneur, the U.S. attorney for the Southern District of New York said on Wednesday night.

The two are Caroline Ellison, 28, who was the chief executive of the cryptocurrency hedge fund Alameda Research, and Gary Wang, 29, a founder of FTX, the crypto exchange. They were key lieutenants in Mr. Bankman-Fried’s vast business empire, an international web of investments and enterprises that began with the founding of Alameda and FTX.

Source: Caroline Ellison and FTX Co-Founder Gary Wang Plead Guilty to Fraud – The New York Times