US Southern District of New York (SDNY) Attorney Damian Williams announced that Caroline Ellison, former CEO of Alameda Research, and FTX co-founder Gary Wang have pleaded guilty to charges related to the FTX collapse.
CEO of Alameda Research Caroline Ellison and FTX co-founder Gary wang They accepted the charges by choosing to cooperate with the court. The criminal complaints are in the final stage and are expected to be approved by a judge in order to be accepted. Once approved, both will forego their earnings from FTX and Alameda, except for their own personal investment accounts.issuing, buying, offering or selling any security“will be banned.
US attorney general Sam Bankman-Friedin right now FBI He is in custody and will be transferred directly to the Southern District of New York to appear before a judge “as soon as possible”. expressed.
Ellison was a close confidant of Bankman-Fried and the native token of FTX that Alameda uses as collateral for investments. of FTT He was targeted by prosecutors for his role in manipulating him.
U.S. Securities and Exchange Commission (SEC) and Commodity Futures and Trading Commission (CFTC) also filed a criminal complaint against the duo, saying that Ellison had manipulated the price of FTX’s native token, FTT, at the direction of Sam Bankman-Fried.
In the file directed by the court, “The defendants claimed that FTX’s client funds “secretly“By transferring them to Alameda’s accounts, they concealed the very serious risks that FTX’s investors and customers face.” expressions were used.
We claim that Ms. Ellison and Mr. Wang played an active role in a scheme to misappropriate FTX client assets to support Alameda and submit collateral for margin trading.
In addition, in the session led by Prosecutor Williams, it was stated that there were other people involved in this crime in the background and that these people should come forward before charges are brought against them. Williams, “Now is the time to get ahead of it. We move fast and our patience is not endless.” said.