Kommunitas

<p>The former CEO of Alameda Research, Caroline Ellison, and co-founder of FTX, Gary Wang, pleads guilty and have been charged for their roles in alleged fraud that contributed to the crypto currency exchange’s collapse by The Securities and Exchange Commission (SEC). Another charge added for their “multiyear scheme to defraud equity investors.” in the crypto trading platform.According to the SEC, SBF directed Ellison to prop up the price of FTX’s crypto security token by buying it en masse. That is because the FTT token was being used as collateral for loans of FTX assets to Alameda, the crypto hedge fund run by Wang and Bankman-Fried, which Ellison ran.</p><p>#KOMnews #kommunitas #alameda #ftx #ftt #caroline #wang #sbf #cryptoscheme #cryptoupdate #cryptonews #cryptocurrency #blockchaintechnology #fraud</p>

Alameda Research ex-CEO Caroline Ellison pleads guilty for involvement in frauds causing FTX's collapse.

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