Who is Caroline Ellison and FTX co-founder Gary Wang?

Former Alameda Research chief executive Caroline Ellison and FTX co-founder Gary Wang have pleaded guilty to criminal charges related to the collapse of crypto exchange FTX, with Ms Ellison facing up to 110 years in prison.

Who is Caroline Ellison?

Photograph: Stefani Reynolds/AFP/Getty Caroline Ellison, the former chief executive of the FTX sister company Alameda Research, has agreed to plead guilty to seven offences including wire fraud, securities fraud and money laundering, according to a newly unsealed agreement with prosecutors.

Did Alameda research CEO Caroline Ellison pay FTX a bonus?

Alameda Research CEO Caroline Ellison allegedly paid herself millions of dollars in a single bonus payment despite knowing about massive holes in FTX’s finances. Months before FTX filed for bankruptcy, she allegedly moved the money between various accounts until it landed in her own.

Did Wang and Ellison misappropriate FTX customer funds for Alameda?

The complaint alleges that Wang created FTX’s software code that allowed Alameda to divert FTX customer funds, and Ellison used misappropriated FTX customer funds for Alameda’s trading activity.