Claim BonusBreaking: Alameda CEO Caroline, FTX Co-Founder Plead Guilty, CFTC, SEC Charges
Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang have pleaded guilty to criminal charges by the US Southern District of New York on early Thursday. The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) filed criminal charges separately.
Alameda CEO Caroline Allison and FTX’s Gary Wang Plead Guilty
U.S. Attorney for the Southern District of New York Damian Williams said that Caroline Ellison and Gary Wang had been charged “in connection with their roles in the frauds that contributed to FTX’s collapse.” Also, Caroline Ellison and Gary Wang are now cooperating with prosecutors investigating the collapse of FTX and Sam Bankman-Fried.
The CFTC charged Alameda CEO Caroline Ellison and FTX co-founder Gary Wang with fraud in an action against Sam Bankman-Fried and his companies. Previously, CFTC filed fraud charges against Samuel Bankman-Fried, FTX, and Alameda for a fraudulent scheme that caused the loss of over $8 billion in FTX customer deposits.
Moreover, the SEC charged Caroline Ellison and Gary Wang for their roles in a multiyear scheme to defraud equity investors in the crypto trading platform FTX. Ellison and Wang are also cooperating with agencies as part of a settlement.
If the settlement is approved, Caroline Ellison and Gary Wang give up money made during their terms in FTX and Alameda. Moreover, they will be banned from the “issuance, purchase, offer, or sale of any securities.”
“As part of their deception, we allege that Caroline Ellison and Sam Bankman-Fried schemed to manipulate the price of FTT, an exchange crypto security token that was integral to FTX, to prop up the value of their house of cards,” said SEC Chair Gary Gensler.
Meanwhile, Sam Bankman-Fried is now in FBI custody and en route to New York. A Bahamas judge approved Sam Bankman-Fried’s extradition from the Bahamas to the U.S. for facing criminal charges over FTX’s collapse. Prosecutors charged Sam Bankman-Fried with eight criminal counts, including charges of conspiracy, fraud, and money laundering. Bankman-Fried is expected to appear in federal court in Manhattan on Thursday.
Also Read: Why Did Deribit Exchange Transfer 10,000 ETH To Alameda Research?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- CLARITY Act: Trump’s Crypto Adviser Says Stablecoin Yield Deal Is “Close” as March 1 Deadline Looms
- Trump Tariffs: U.S. To Impose 10% Global Tariff Following Supreme Court Ruling
- CryptoQuant Flags $54K Bitcoin Risk As Trump Considers Limited Strike On Iran
- Why Is Bitdeer Stock Price Dropping Today?
- Breaking: U.S. Supreme Court Strikes Down Trump Tariffs, BTC Price Rises
- Ethereum Price Rises After SCOTUS Ruling: Here’s Why a Drop to $1,500 is Possible
- Will Pi Network Price See a Surge After the Mainnet Launch Anniversary?
- Bitcoin and XRP Price Prediction As White House Sets March 1st Deadline to Advance Clarity Act
- Top 3 Price Predictions Feb 2026 for Solana, Bitcoin, Pi Network as Odds of Trump Attacking Iran Rise
- Cardano Price Prediction Feb 2026 as Coinbase Accepts ADA as Loan Collateral
- Ripple Prediction: Will Arizona XRP Reserve Boost Price?
