Sam Bankman-Fried’s former friends pleaded guilty and are cooperating in the FTX fraud case

Dec 22 2022 by The Verge

 
Photo by Joe Raedle/Getty Images

Caroline Ellison and Gary Wang, two executives in Sam Bankman-Fried’s fallen crypto empire, have pleaded guilty to federal charges and are cooperating with prosecutors. The news was announced late Wednesday by Damian Williams, the US Attorney for the Southern District of New York.

Williams didn’t specify what charges the two pled to, but said the guilty pleas were in relation to their roles as insiders at FTX and its sister company Alameda...

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