jail © Mirko Vitali _44633908
© Mirko Vitali

CNBC reports:

FTX co-founder Gary Wang and former Alameda Research co-CEO Caroline Ellison both pleaded guilty to federal charges in the Southern District of New York, U.S. Attorney Damian Williams said in a message Wednesday.

Wang pleaded guilty to conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud and conspiracy to commit securities fraud. Ellison pleaded guilty to two counts of wire fraud, two counts of conspiracy to commit wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud and conspiracy to commit money laundering.

The charges were released the same night that former FTX CEO Sam Bankman-Fried was en route from the Bahamas to New York, where he faces eight federal criminal charges from the same prosecutors who accepted plea deals from Ellison and Wang. The duo’s plea agreements were signed on Monday, the day that Bankman-Fried was originally supposed to return to the U.S. before a court hearing in the Bahamas devolved into chaos.

“As I said last week, this investigation is very much ongoing,” Williams said in a prerecorded message.

“I also said that last’s week announcement would not be our last. And let me be clear, once again, neither is today’s,” the U.S. Attorney continued.

Bankman-Fried was arrested last week in the Bahamas following his indictment in the Southern District of New York. He’s spent the last few days embroiled in contentious court hearings over whether he would accept extradition to the U.S…

The full post. can be read here.

Now read this: “The FTX disaster has set back crypto by ‘years’ — here are 3 ways it could reshape the industry“.

More here: “Sam Bankman-Fried to be released on $250 million bail into parents’ custody“.

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