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FTX founder Sam Bankman-Fried’s top lieutenants plead guilty to US charges

Federal prosecutor announces Caroline Ellison and Gary Wang are co-operating as Bankman-Fried is extradited to US

Two of FTX founder Sam Bankman-Fried’s closest colleagues have pleaded guilty to fraud and agreed to co-operate with US prosecutors and agencies investigating the collapse of the bankrupt cryptocurrency exchange.

Damian Williams, the US attorney for the Southern District of New York, whose office brought eight charges against Bankman-Fried last week, announced the new charges against Caroline Ellison, the 28-year-old former chief executive of FTX trading affiliate Alameda Research, and 29-year-old Gary Wang, a co-founder of FTX, in a short video statement on Wednesday.

Separately, the Securities and Exchange Commission and the Commodity Futures Trading Commission filed civil charges against Ellison and Wang.

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