$250 Million Bail Deal Set for Bankman-Fried After Former Aides Reach Plea Deal

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This comes after it was announced that former lead aides for Bankman-Fried reached plea deals with the government over the crypto scam. Former technology chief for FTX, Zixiao “Gary” Wang and Caroline Ellison both reached $250,000 bail grants, with qualifies in place that the two stay in the country. Caroline Ellison was FTX’s crypto hedge fund manager and manager of Alameda Research, as well as dating the FTX CEO in past.

Defense counsel does not wish to make any comment.

 

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Bankman-Fried is represented by Mark Cohen and Christian Everdell of Cohen & Gresser LLP.

Wang is represented by Ilan Graff and Alex Miller of Fried Frank Harris Shriver & Jacobson LLP.

Ellison is represented by Anjan Sahni, Peter Neiman, Stephanie Avakian and Nick Werle of WilmerHale.

The government is represented by Nicolas Roos and Danielle Sassoon of the U.S. Attorney’s Office for the Southern District of New York.

The case is U.S. v. Bankman-Fried et al., case number 1:22-cr-00673, in the U.S. District Court for the Southern District of New York.