2 Sam Bankman-Fried Associates Plead Guilty To Fraud, FTX Founder Heads To US To Face Charges
NDTV
Manhattan U.S. Attorney Damian Williams said that Sam Bankman-Fried is now in FBI custody and on his way to the U.S and urged others involved in the alleged fraud to come forward.
FTX founder Sam Bankman-Fried left the Bahamas on Wednesday on a US-bound flight to face fraud charges, as federal prosecutors announced that two of his former associates had pleaded guilty to similar charges and were now cooperating with the government.
Manhattan U.S. Attorney Damian Williams said in a video posted on Twitter late Wednesday night that Caroline Ellison, former CEO of Alameda Research, and Gary Wang, co-founder of FTX, had pleaded guilty to defrauding investors in the crypto trading platform.
The revelation that two of Sam Bankman-Fried's closest former associates had decided to cooperate with the government significantly ramped up pressure on the former billionaire.
Williams said that Sam Bankman-Fried is now in FBI custody and on his way to the U.S and urged others involved in the alleged fraud to come forward.
