Former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang have pleaded guilty to federal criminal charges of fraud and were released on $250,000 bond. Ilan Graff, attorney for FTX co-founder Gary Wang, stated in an email that “Gary Wang has accepted responsibility for his actions and takes his obligations as a cooperating witness seriously.” Previously reported by Foresight News, former CEO of Alameda Research Officer Caroline Ellison has reached a plea agreement with the U.S. Attorney's Office for the Southern District of New York and will be released on bail after paying a $250,000 bond.