BREAKING: FTX co-founder Sam Bankman-Fried to be released on $250M bail
, was flown to New York late Wednesday after deciding not to challenge his extradition.
Carolyn Ellison, 28, the former chief executive of Bankman-Fried's trading firm, Alameda Research, and Gary Wang, 29, who co-founded FTX, pleaded guilty to charges including wire fraud, securities fraud and commodities fraud. "If you participated in misconduct at FTX or Alameda, now is the time to get ahead of it," he said. "We are moving quickly, and our patience is not eternal."
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