Disgraced crypto bro SBF’s girlfriend pleads guilty to criminal charges

Two former top executives of Sam Bankman-Fried’s collapsed cryptocurrency exchange FTX have pleaded guilty to federal criminal fraud charges and are cooperating in the case against the disgraced former CEO.

The US attorney for the Southern District of New York said on Wednesday night that Caroline Ellison, 28, who was the chief executive of the cryptocurrency trading company Alameda Research and Bankman-Fried’s girlfriend, as well as Gary Wang, 29, one of the founders of the FTX crypto exchange were key lieutenants in the former CEO’s businesses, which relied primarily on FTX and Alameda, the companies that he founded and operated.

On Wednesday, the Securities and Exchange Commission (SEC) also filed civil fraud charges against Ellison and Wang on Wednesday. According to the agency, Ellison had used FTX customer deposits to fund Alameda’s trading activity and Wang created software that enabled the diversion of funds to occur.
 
FTX Crypto Exchange logo by Mariia Shalabaieva is licensed under Unsplash unsplash.com
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