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Alameda's Caroline Ellison, FTX's Gary Wang Plead Guilty To DOJ Fraud Charges

Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang pleaded guilty to charges tied to FTX's collapse, U.S. Attorney Damian Williams announced Wednesday night. CoinDesk reports: The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) also announced (PDF) charges against the two, saying Ellison manipulated the price of FTT, an exchange token issued by FTX, at exchange founder Sam Bankman-Fried's direction. The duo are cooperating with investigators, Williams announced. The U.S. Attorney for the Southern District of New York (SDNY) did not specify what they were being charged with. In a statement, SEC Deputy Enforcement Director Sanjay Wadhwa said the three "were active participants in a scheme to conceal ...

Slashdot     Dec 23, 2022