Two FTX directors have pleaded guilty to the bankruptcy the platform has suffered

Sam Bankman-Fried, founder of the bankrupt cryptocurrency and other crypto-asset trading platform FTX.
Matthias J. OCNER / ZUMA Press / Contact PHOTO

Two senior executives associated with the crypto-asset exchange platform FTX They were convicted of charges related to their role in the company’s bankruptcy. U.S. Attorney Damian Williams of the Southern District of New York announced Wednesday that Caroline Ellison, former CEO of Alameda Research, and Gary Wang, co-founder of FTX, They have pleaded guilty to charges related to their role in the company’s bankruptcy, as reported by “The Hill”. Both are working with the US Attorney’s Office for the Southern District of New York to get more details on how FTX went bankrupt.

However, Attorney General Williams clarified that Sam Bankman-Fried, co-founder and former CEO of the platform, is in FBI custody and is on his way to the United States. “He will be transferred directly to the Southern District of New York and brought before a judge in this district as soon as possible,” he said in a statement. Williams’ comments come a day after it was founded FTX Acceptance of his extradition to the United States, where He is accused of committing a multi-million dollar fraud for investors. The businessman was arrested in the Bahamas last week after a notification from the US authorities, who charged him with eight counts, including conspiracy to embezzle client funds.

FTX announced in mid-November that it had decided to file for Chapter 11 bankruptcy protection in the United States to conduct an orderly asset valuation and liquidation process for the benefit of the parties involved. According to the court file, FTX owes its 50 largest creditors approximately $3.1 billion of dollars (2919 million euros).

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Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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