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Former FTX Execs Plead Guilty to Fraud, Will Cooperate in Case Against Sam Bankman-Fried

HeadlineDec 22, 2022

Sam Bankman-Fried, the disgraced founder of fallen crypto exchange FTX, is in U.S. custody after agreeing to be extradited from the Bahamas. Bankman-Fried faces federal fraud charges after his company collapsed last month, losing billions of dollars. In more bad news for the erstwhile crypto mogul, two former top executives have pleaded guilty to fraud and agreed to cooperate in the government’s criminal case against Bankman-Fried.

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