Bad news for Bankman-Fried as Ellison and Wang plead guilty
Bankman-Fried has landed in the US as members of his inner circle, Caroline Ellison and Gary Wang, plead guilty to an array of fraud charges.
Cryptocurrency news by Protos · Protos
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Show Notes
Former chief exec of Alameda Research, Caroline Ellison, has entered a plea deal with the Southern District of New York, along with FTX’s co-founder Gary Wang.
Former FTX chief Sam Bankman-Fried has not pleaded guilty, but has landed on US soil after agreeing to extradition from the Bahamas, and is now in the custody of the FBI. Combined, the three face up to 275 years in prison.
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