Founder of FTX’s girlfriend Caroline Ellison and Gary Wang pleaded guilty to federal fraud charges

Caroline Ellison pleaded guilty

Two executives of the FTX exchange, Caroline Ellison and Gary Wang, have pleaded guilty to federal fraud charges in the US.

The pair have also agreed to cooperate in the case against Sam Bankman-Fried, the CEO of Alameda Research, who is accused of defrauding customers, investors, and lenders, and of diverting customer funds to buy real estate, lend out, make dubious investments through Alameda, and make political donations.

Bankman-Fried is currently in FBI custody in the US after agreeing to be extradited from the Bahamas.

Ellison and Wang are accused of playing a role in a scheme to misuse FTX customer assets to prop up Alameda and to post collateral for margin trading.


Roland is a Public Relations & Communications guru with an immense passion for the blockchain and crypto industry. A fusion of his expertise and passion led to the dawn of Optimisus in 2020.