Caroline Ellison and Gary Wang, both top executives at FTX and Alameda, pleaded guilty to multiple fraud charges. It’s also worth noting that Ellison’s plea deal was recently opened. It appears that you have reached an agreement in which the prosecution will drop most of the criminal charges in exchange for your full compliance and cooperation.
Meanwhile, the US SEC has clarified that the cryptocurrency suppression is only just beginning, also stating that FTX’s native token – FTT – is a security. It was also revealed that FTX predominantly used FTX’s FTT to fund 94% of the Blockfolio acquisition.
