Two top aides of Sam Bankman Fried, co-founder of FTX, pleaded guilty Wednesday to criminal fraud charges. The same day, the disgraced cryptocurrency entrepreneur was expelled to the United States for criminal charges for federal criminal Fraud. cooperate with investigators. especially.
Caroline Ellison, former CEO at Alameda Research, a trading company founded by Bankman-Fried and FTC co-founder Gary Wang has pleaded guilty.
US Attorney General Damian Williams made Wednesday night’s statement in a statement that was published in the Twitter.
The appeals are being made as US authorities investigate the shocking collapse of the cryptocurrency exchange. These calls are expected increase pressure on Bankman Fried, who is expected to appear in federal court in Manhattan this Thursday. He has recently returned from the Bahamas.
“If you engaged in misconduct at FTX or Alameda, now is the time to move on,” Williams said. “We move quickly, and patience is not an option.”
Bankman-Fried, who was charged with conspiracy and criminal activity in connection to wire fraud and commodity fraud, securities fraud and money laundering, was arrested in the Bahamas this month.
Separately, Ellison and Wang were charged by the U.S. Securities and Exchange Commission with civil fraud Wednesday. File civil lawsuitsBankman-Fried was earlier accused of violating securities laws and “organizing a scam to defraud stock investors in FTX trading Ltd.”
“Mr. Wang and Ms. Ellison were active participants in a scheme defrauding FTX investors, and engaged in conduct that proved crucial to its success,” the SEC stated in a statement. statment Wednesday.
SBF, aka Bankman-Fried resigned as CEO at FTX in November, following the crisis on the cryptocurrency platform Filed for Chapter 11 bankruptcy protection. It was founded in the Bahamas One of the biggest playersin cryptocurrency, and Bankman Fried has a reputation for lobbying politicians on both the right and left. However, the collapse in FTX raised questions about cryptocurrency and customers wondered if they would be able to get their money back.
The revelations of the holdings and close relationship between FTX and sister trading firm Alameda Research — more than a third of the assets on Alameda’s balance sheet belong to FTX tokens issued by FTX — triggered the launch. A succession of eventsAlameda had to stop operations in November and FTX had to file for bankruptcy protection. It seems that billions of dollars invested in the past few days have disappeared overnight.
“I was the CEO for FTX. Bankman-Fried explained that this means he was in charge. he said during a live interview at the New York Times Dealbook SummitOn November 30, He denied any wrongdoing and criminal intent.
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