extradition to the United States
Ex-girlfriend opens up about FTX founder Sam Bankman-Fried
Sam Bankman-Fried, CEO of bankrupt crypto exchange FTX, is extradited to the United States. His ex-girlfriend Caroline Ellison is now unpacking. He faces a long prison sentence.
Caroline Ellison (29), ex-girlfriend of Sam Bankman-Fried, is partially responsible for the bankruptcy of the crypto exchange FTX.
Milena KalinEditor Economics
Now the ex-girlfriend of Sam Bankman-Fried (30), the former CEO of the crashed crypto exchange FTX, has had enough. She wants to unpack. Caroline Ellison (29) was CEO of Alameda Research, a sister company of FTX. Ellison and Bankman-Fried are said to have had wild sex parties together in a shared flat in the Bahamas.
Ellison is partly responsible for the bankruptcy of the third largest crypto exchange. She pleads guilty before the US Attorney’s Office, as the authority announced. FTX client funds were secretly withdrawn into Alameda’s books. Bankman-Fried has repeatedly assured that Alameda will not receive any preferential treatment from FTX.
Long imprisonment threatened
The co-founder of the crypto exchange FTX Gary Wang (49) also pleaded guilty in court on Wednesday. According to crypto news outlet CoinDesk, Wang and Ellison are willing to cooperate with investigators. That can’t bode well for Bankman-Fried.
Sam Bankman-Fried is currently in FBI custody being deported to the United States. Previously, he had voluntarily agreed to extradition. He has been in custody in the Bahamas since December 12. Now he faces a long prison sentence in the United States.
Lured with false promises
The US Securities and Exchange Commission accuses him of fraud, among other things. He is said to have lured investors with false promises. Crypto exchange FTX collapsed on November 11 after massive withdrawals of funds.
This is said to have caused damage of more than 1.8 billion dollars. Customers are not getting billions of dollars back. Swiss pension funds are also affected.