Caroline Ellison and Gary Wang plead guilty to fraud charges By Cointelegraph

Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang have pleaded guilty to federal fraud charges and are cooperating with prosecutors as part of the criminal case against the former FTX CEO, Sam Bankman-Fried.

Flying drone with camera

United States Attorney for the Southern District of New York (SDNY) Damian Williams made the announcement on Dec. 22, emphasizing that this latest major development is unlikely to be the last.