Two top executives plead guilty to fraud in FTX case
Top FTX executives close to Sam Bankman-Fried, Caroline Ellison and Zixiao "Gary" Wang, have pleaded guilty to fraud and are cooperating with prosecutors. The pair were convicted "in connection with their roles in the fraud that contributed to FTX's collapse," said Damian Williams, the US Attorney for the Southern District of New York in a press conference.
Ellison, the former CEO of FTX sister company Alameda Research and ex-girlfriend of Bankman-Fried, pleaded guilty to seven counts and faces up to 110 years in prison.…