Who pleaded guilty to Bankman-fried vs Alameda research?

They include FTX co-founder Gary Wang, top FTX executive Ryan Salame, FTX head of engineering Nishad Sing, and Alameda Research CEO Caroline Ellison, who was also Bankman-Fried’s romantic partner. Unlike Bankman-Fried, the four pleaded guilty and negotiated deals with the prosecution that included restitution of payments and assets.

What happened between FTX and Bankman-fried?

He and Bankman-Fried were college roommates before going on to co-found the hedge fund Alameda Research. Wang testified on Thursday that while at FTX, he created software code at the direction of Bankman-Fried that gave "special privileges" to Alameda, allowing it to withdraw unlimited funds.

Did Bankman-fried violate the US foreign Corrupt Practices Act?

Following further investigation, Bankman-Fried is now facing a second trial in March 2024 on five additional charges. Among them is an allegation that Bankman-Fried violated the US Foreign Corrupt Practices Act by paying a $40m bribe to one or more Chinese officials to unfreeze Alameda Research accounts.

Who is John Bankman-fried?

Since the collapse of his cryptocurrency exchange FTX and its partner hedge fund Alameda Research in November last year, ex-CEO Bankman-Fried was quickly investigated by federal prosecutors and the United States Securities Exchange Commission (SEC) before he was extradited from the Bahamas in early January.