FTX's Gary Wang and Alameda's Caroline Ellison admit federal charges.

By The Exchange Team

Former Alameda Research co-CEO Caroline Ellison and FTX co-founder Gary Wang pleaded guilty to federal charges in the Southern District of New York.

Wang pled guilty to wire fraud conspiracy, wire fraud, conspiracy to commit commodities fraud, and securities fraud conspiracy.

Ellison admitted to 2 counts of wire fraud, 2 counts of conspiracy to commit wire fraud, commodities fraud, securities fraud, and money laundering.

The allegations were revealed the same night former FTX CEO Sam Bankman-Fried was flying from the Bahamas to New York.

Where the same prosecutors who accepted plea pleas from Ellison and Wang charge him with eight federal crimes.

The couple signed their plea agreements on Monday, the day Bankman-Fried was meant to return to the U.S. before a Bahamas court session went awry.

"As I mentioned last week, this investigation is still ongoing," Williams said in a prerecorded message.