[ccpw id="5"]


HomeCryptocurrency MiningFTX and Alameda Executives Admit the Charges

FTX and Alameda Executives Admit the Charges


The former CEO of Alameda Research and co-founder of FTX has admitted to accusations linked to the collapse of FTX.

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) filed a criminal complaint against the pair, saying Ellison manipulated the price of the FTT token issued by FTX at the behest of exchange founder Sam Bankman-Fried. Both executives did not object to the accusations and turned to cooperation.

Executives of FTX and Alameda Confess to Their Crimes

US Attorney Damian Williams, former CEO of Alameda Research, said in a statement. Caroline Ellisonand FTX Co-Founder Gary Wangannounced that .

Williams also announced that the duo is collaborating with investigators. The US Attorney for the Southern District of New York (SDNY) did not specify what the two were charged with.

“Given their involvement in the fraud scheme outlined here, Defendants knew or were reckless in not knowing that these statements to investors were false and misleading and important to investors of FTX,” the complaint states.

Sam Bankman-Fried to be Extradited to the US

SBF’s extradition to the United States has been approved, but no exact date has been set for when it will be returned. The New York Times noted that the SBF could arrive this afternoon, US local time, to face trial in Federal District Court.

The SBF faces eight felony charges that could result in life imprisonment if convicted. The most important of these accusations include defrauding investors and money laundering.


Please enter your comment!
Please enter your name here


NFT Token News: Watch Out For These Altcoin Developments!

Critical news has been announced for the closely watched NFT token market. These altcoin developments may be of interest to investors!

Future Forecast for Bitcoin from Binance CEO!

Changpeng Zhao, CEO of the giant cryptocurrency exchange Binance, made a future prediction about the leading cryptocurrency Bitcoin! Here are the details...

These 5 Altcoins Are Earnings of the Week! Here are the Expectations

These 5 altcoin projects marked the week! Altcoin projects, which attract attention with their rises, were examined by experts! Here are the details

Dogecoin Community Disproves a Claim Made

The Dogecoin (DOGE) community has debunked the allegation that there is a "security vulnerability in Dogecoin that could put billions of dollars at risk."

Follow us


Most Popular