Two of FTX founder Sam Bankman-Fried’s colleagues have pleaded guilty to fraud-related charges in connection with the collapse of the cryptocurrency exchange, according to US authorities.
FTX co-founder Gary Wang and Caroline Ellison, the former chief executive of Alameda Research, admitted to the charges and have agreed to cooperate with authorities in their ongoing investigations, US Attorney Damian Williams said in a statement late on Wednesday, US time.
Williams did not specify what charges Wang and Ellison pleaded guilty to, but said the announcement would not be the last his office makes in relation to its investigation into FTX.
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