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Executives admit fraud in FTX case as formal charges laid

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Photo: Michael M Santiago/Getty Images

Martin Cloake

1 min read
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Caroline Ellison and Gary Wang agree to cooperate with ongoing investigations.

Formal charges against two former executives in the FTX case were laid on December 21 by the securities and Exchange Commission (SEC). Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former Chief Technology Officer of FTX Trading Ltd, were accused of “a multiyear scheme to

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