FTX Sam Bankman-Fried associates plead guilty in fraud. Carolyn Ellison and Gary Wang involved

Well, this just escalated quickly. I’ve been wondering when other executives would get pulled into this and charged publicly. And it’s finally happened.

Carolyn Ellison, the 28-year-old former CEO of Alameda Research, a trading firm started by Bankman-Fried, and Gary Wang, the 29-year-old who co-founded FTX, pleaded guilty to charges “related to their roles in the fraud that contributed to FTX’s collapse,”

Associates of FTX founder plead guilty to criminal charges

Another “wow” moment. I totally believed that others had to be involved. And now we know that was the case.