Associates of FTX Founder Sam Bankman-Fried Plead Guilty to Criminal Charges

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Associates of FTX Founder Sam Bankman-Fried Plead Guilty to Criminal Charges
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Breaking: Sam Bankman-Fried's former associates Caroline Ellison and Gary Wang pleaded guilty to criminal charges for their roles in fraud that contributed to FTX's collapse, prosecutors say

Federal prosecutors on Wednesday said two associates of FTX founder Sam Bankman-Fried had pleaded guilty for their roles in fraud that contributed to the cryptocurrency exchange’s collapse and were cooperating in the ongoing investigation.

Damian Williams, the U.S. attorney for the Southern District of New York, said in a video posted on Twitter that Caroline Ellison, the former chief executive of Alameda Research, and Gary Wang, FTX’s former chief technology officer, had both pleaded guilty to criminal violations.

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