Two FTX top execs plead guilty to bankruptcy – extradited to US by Bankman-Fried

Sam Bankman Fried

The FTX founder wants to face justice in the United States.

(Photo: AP)

Nassau Two top executives have pleaded guilty to fraud in connection with the bankruptcy of cryptocurrency exchange FTX, US Attorneys said on Wednesday. Caroline Ellison, the former head of Alameda Research, and Gary Wang, the former chief technology officer of FTX, have been charged over their role in the alleged fraud that is said to have led to the collapse of FTX. Both stated that they would work with the public prosecutor to clarify the background of the bankruptcy.

Former CEO Sam Bankman-Fried was extradited from the Bahamas to the United States on Wednesday. This was announced by the authorities of the Caribbean state on Wednesday (local time). There he is to be tried in connection with the collapse of the trading center for digital currencies, which has serious consequences for the industry.

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