FTX Associates ‘Cooperating With Investigators’

  • Two associates of former FTX CEO Sam Bankman-Fried reportedly are “cooperating with investigators” in the fraud case against the boss of the failed cryptocurrency exchange.
  • Bankman-Fried former allies have pleaded guilty to criminal fraud charges related to the collapse of the FTX.
  • Caroline Ellison, the former CEO of Alameda Research, and Gary Wang, who co-founded FTX along with Bankman-Fried, both pleaded guilty.
  • U.S. Attorney for the Southern District of New York (SDNY) Damian Williams announced on Thursday that the two have been charged in connection with “their roles in the fraud that contributed to FTX’s collapse.”
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