- The US SEC has officially accused Alameda’s ex-CEO and FTX’s former CTO of fraud.
- The regulator argued Alameda manipulated the price of FTT to decisive investors.
- The former FTX boss arrived in New York today to face fraud charges.
The US Securities and Exchange Commission (SEC) has officially charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao Wang, FTX’s former Chief Technology Officer, for their roles in a multiyear scheme to defraud equity investors in the bankrupt FTX crypto exchange.
The regulator made the official pronouncement in a press release dated December 21, noting that investigations into other securities law violations and other entities and persons relating to the alleged misconduct were ongoing.
The SEC today charged Caroline Ellison and Gary Wang for their roles in a multiyear scheme to defraud equity investors in the crypto trading platform FTX. Ellison and Wang are cooperating with the ongoing investigation.— U.S. Securities and Exchange Commission (@SECGov) December 22, 2022
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