Bankman-Fried En Route To U.S.; Top FTX Associates Plead Guilty

FTX founder Sam Bankman-Fried (2nd L) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on December 13, 2022. - Disgraced cryptocurrency tycoon Sam Bankman-Fried was hit with multiple criminal charges December 13, 2022, accused of committing one of the biggest financial frauds in US history. Bankman-Fried will serve time at The Bahamas Department of Corrections until February 8, 2023. (Photo by Mario DUNCANSON / AFP) (Photo by MARIO DUNCANSON/AFP via Getty Images)

At a glance

  • Sam Bankman-Fried reportedly is en route to New York to face indictment for fraud charges.
  • The news gets worse for SBF. His ex-girlfriend and FTX’s co-founder reportedly have entered guilty pleas to fraud charges in the Southern District of New York.
  • SBF faces eight charges, including allegedly conning investors out of $1.8billion by diverting cash to his private crypto hedge fund Alameda Research, run by his 28-year-old ex-girlfriend Caroline Ellison.

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