A federal prosecutor says two associates of Sam Bankman-Fried have pleaded guilty to criminal charges related to the collapse of the cryptocurrency exchange FTX.
Carolyn Ellison, the former CEO of Alameda Research, a trading firm started by Bankman-Fried, and Gary Wang, who co-founded FTX along with Bankman-Fried, pleaded guilty to charges “related to their roles in the fraud that contributed to FTX’s collapse”, US attorney Damian Williams said Wednesday night.
Because those two have flipped on ‘im.
That old Prisoners’ Dilemma. The correct outcome of which is that if you know, absolutely, that you’re gonna get done then flip first to get done less.