Sam Bankman-Fried ex Caroline Ellison, FTX co-founder Gary Wang plead guilty to fraud

The ex-girlfriend of disgraced crypto mogul Sam Bankman-Fried and a co-founder of FTX pleaded guilty to fraud charges in the collapse of the cryptocurrency exchange and are both cooperating with federal prosecutors, officials announced Wednesday night. Caroline Ellison, the former CEO of Bankman-Fried’s crypto hedge fund company Alameda Research, and Gary Wang, a co-founder of…

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Sam Bankman-Fried directed to executives to hide $8 billion in liabilities

The case of “where did the money go” is beginning to unravel for crypto exchange FTX. On November 11, the exchange’s founder, Sam Bankman-Fried filed for Chapter 11 bankruptcy protection for FTX and about 130 of its affiliated companies. The decision came after a scurry of withdrawals left the exchange illiquid. On Wednesday, Bankman-Fried arrived…

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