Last night, the Justice Department of the Southern District of New York said it had charged Caroline Ellison, the former CEO of crypto hedge fund Alameda, and FTX co-founder and former CTO Gary Wang with criminal fraud. In addition to being a shareholder in cryptocurrency exchange FTX, Wang was the co-owner of Alameda with Sam Bankman-Fried (SBF).
“Both Miss Ellison and Mr. Wang have pled guilty to those charges and they are both cooperating with the Southern District of New York,” said U.S. Attorney Damian Williams.
The news doesn’t come as a huge surprise as a Twitter photo showed Ellison buying coffee in New York on December 4.
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