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Bankman-Fried in FBI Custody, Ellison, Wang Plead Guilty and Are Cooperating

Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang have plead guilty to criminal charges, U.S. Attorney for the Southern District of New York Damian Williams announced.

Williams added that both Ellison and Wang are cooperating with prosecutors, and that he anticipates bringing more charges against other individuals. But he also urged others involved in the collapsed crypto firm to come forward before charges might be brought, warning, “our patience is not eternal.”

“We continue to work around the clock, and we are far from done,” Williams added.

Sam Bankman-Fried is also now in FBI custody, he said.

Sam Bankman-Fried FBI Caroline Ellison Alameda Research FTX
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