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Caroline Ellison and Gary Wang accused of aiding FTX fraud

Hazel Wyatt

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Two former colleagues of disgraced cryptocurrency mogul Sam Bankman-Fried pleaded guilty to federal criminal charges that they helped him orchestrate a years-long scheme to defraud investors in FTX, the crypto trading platform that collapsed last month, the U.S. attorney for the Southern District of New York said Wednesday.

The executives — Caroline Ellison, who served as chief executive of Alameda Research, a hedge fund owned by Bankman-Fried, and Gary Wang, FTX’s former chief technology officer — are cooperating with prosecutors, said Manhattan U.S. Attorney Damian Williams.

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