FTX latest: Sam Bankman-Fried extradited to US and two top executives plead guilty to charges

euronews.com:

The founder and former CEO of cryptocurrency exchange FTX, Sam Bankman-Fried was being extradited from the Bahamas by US law enforcement on Wednesday, to answer to charges tied to his role in FTX's failure. He is expected to appear in a federal court in New York City on Thursday.

Meanwhile, two of Sam Bankman-Fried's top associates secretly pleaded guilty to criminal charges in the collapse of the cryptocurrency exchange FTX and are cooperating with investigators, a federal prosecutor announced Wednesday as the digital coin entrepreneur was being flown in FBI custody to the U.S. from the Bahamas.

Carolyn Ellison, the 28-year-old former CEO of Alameda Research, a trading firm started by Bankman-Fried, and Gary Wang, the 29-year-old who co-founded FTX, pleaded guilty to charges including wire fraud, securities fraud and commodities fraud.

“They are both cooperating with the Southern District of New York,” U.S. Attorney Damian Williams said Wednesday night in a video statement released on social media.

He added that anyone else who participated in the fraud should reach out to his office because “our patience is not eternal" and further criminal charges against others were possible.

The surprise guilty pleas were announced as Bankman-Fried was being extradited from the Bahamas by U.S. law enforcement to answer to charges tied to his role in FTX's failure. He was expected to appear in a federal court in New York City on Thursday.

Before Bankman-Fried was in the air, US prosecutors hadn't publicly revealed that Ellison and Wang were facing potential criminal charges or that they had pledged to work with investigators.

It was unclear whether Bankman-Fried, who has apologized for FTX's collapse but denied defrauding anyone, was also