Caroline Ellison, whom many people call “Lady Crypto,” was the CEO of Alameda Research, which was the FTX group’s trading company.
Alameda Research apparently was at the heart of FTX’s problems, because although the exchange’s fund management was somewhat problematic, it was Alameda Research’s losses that apparently triggered the collapse.
The faults of Lady Crypto in the collapse of FTX
Today the US Attorney’s Office for the Southern District of New York (SDNY) informed via Twitter that Caroline Ellison, along with Gary Wang, pleaded guilty.
Statement of U.S. Attorney Damian Williams on U.S. v. Samuel Bankman-Fried, Caroline Ellison, and Gary Wang pic.twitter.com/u1y4cs3Koz
— US Attorney SDNY (@SDNYnews) December 22, 2022
The charge was fraud, and Ellison apparently decided to spill the beans and cooperate with the US Department of Justice investigation. It appears that by plea bargaining in this way she avoided a potential sentence of 110 years in prison.
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We współpracy z: https://en.cryptonomist.ch/2022/12/22/ftx-lady-crypto-spills-beans/
