Two associates of Sam Bankman-Fried plead guilty to fraud charges in FTX fall

Carolyn Ellison, former CEO of Alameda Research, and Gary Wong, co-founder of FTX, pleaded guilty to criminal fraud charges

A federal prosecutor says two associates of Sam Bankman-Fried have pleaded guilty to criminal charges related to the collapse of the cryptocurrency exchange FTX.

Carolyn Ellison, the former CEO of Alameda Research, a trading firm started by Bankman-Fried, and Gary Wang, who co-founded FTX along with Bankman-Fried, pleaded guilty to charges “related to their roles in the fraud that contributed to FTX’s collapse”, US attorney Damian Williams said Wednesday night.