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Associates Of FTX Founder Plead Guilty To Criminal Charges

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Two top Sam Bankman-Fried associates secretly pleaded guilty in the collapse of cryptocurrency exchange FTX. 

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They are cooperating with investigators. 

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Wednesday's announcement by a federal prosecutor was made as the digital coin entrepreneur was being flown to the U.S. in FBI custody from the Bahamas.

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Carolyn Ellison, a former CEO of Alameda Research (a trading company started by Bankman-Fried), and Gary Wang (the 29-year-old co-founder of FTX), pleaded guilty. 

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They were charged with wire fraud, securities fraud, and commodities fraud.

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U.S. Attorney Damian Williams stated on Wednesday night that both parties cooperate with the Southern District of New York in a video released on social media.

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He said that any other person involved in fraud should contact his office as "our patience does not last forever" and that further criminal charges could be brought against them.

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