The ex-girlfriend of Sam Bankman-Fried (30), the ex-CEO of now-collapsing crypto exchange FTX, is fed up. He wants to open his package. Caroline Ellison (29) was CEO of Alameda Research, FTX’s sister company. Ellison and Bankman-Fried are said to have wild orgies in a shared flat in the Bahamas.
Ellison is partially responsible for the bankruptcy of the third largest crypto exchange. He pleads guilty before the US Attorney General’s Office, as the authority explained. FTX client funds were smuggled into Alameda’s books. Bankman-Fried has repeatedly assured Alameda that it will not receive any preferential treatment from FTX.
Threat of long jail time
Gary Wang, 49, co-founder of crypto exchange FTX, also pleaded guilty in court on Wednesday. According to crypto news outlet CoinDesk, Wang and Ellison are eager to collaborate with researchers. That can’t bode well for Bankman-Fried.
Sam Bankman-Fried is currently in FBI custody pending deportation to the United States. He had previously voluntarily agreed to extradition. He has been detained in the Bahamas since December 12. He is now facing a long prison sentence in the United States.
Deceived by false promises
The U.S. Securities and Exchange Commission accuses him of fraud, among other things. He is said to be deceiving investors with false promises. Crypto exchange FTX crashed on November 11 after massive withdrawals.
This is said to have caused more than $1.8 billion in losses. Customers don’t get billions of dollars back. Swiss pension funds are also affected.
Milena Bold
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
