Wang was a co-founder of the FTX cryptocurrency exchange and owns 10 percent of Alameda Research. Ellison pleaded guilty to seven counts and faces up to 110 years in prison. Wang pleaded guilty to four counts and faces up to 50 years in prison. The US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have filed civil lawsuits against FTX and its KET executives. Singh was in the inner circle of Bankman-Fried, the 30-year-old founder of FTX.
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