Balanced News: FTX co-founder Gary Wang and Alameda’s Caroline Ellison plead guilty to criminal charges

The FTX/Alameda saga continues, with news late Wednesday that two key Sam Bankman-Fried associates were charged and have been charged with federal criminal offences in the U.S. : Both former Alameda CEO Caroline Ellison and FTX co-founder Gary Wang plead guilty to multiple charges, and accepted plea agreements that offer reduced sentencing in exchange for assistance in ongoing investigations into wrongdoing at FTX/Alameda that prove “substantial.” Meanwhile, Sam Bankman-Fried was also extradited to the U.S. from the Bahamas on Wednesday, facing suits by the SEC and CFTC over fraud, as well as federal criminal charges. Both Ellison and Wang also face civil penalties from the SEC and CFTC, announced alongside the criminal charges.