Two senior executives associated with crypto asset exchange platform FTX have been found guilty of charges related to their role in the company’s bankruptcy.

US Attorney Damian Williams of the Southern District of New York announced Wednesday that Caroline Ellison, former CEO of Alameda Research, and Gary Wang, co-founder of FTX, had pleaded guilty to charges related to their role in the bankruptcy of the company, as reported by ‘The Hill’.

Both are cooperating with the US Attorney’s Office for the Southern District of New York to obtain more details of how FTX had gone bankrupt.

However, prosecutor Williams has detailed that Sam Bankman-Fried, co-founder and former CEO of the platform, is in FBI custody and is on his way to the United States.

“He will be transported directly to the Southern District of New York and will appear before a judge in this district as soon as possible,” he said in a statement.

Williams’ statements come a day after the FTX co-founder accepted his extradition to the United States, where he is accused of committing multi-million dollar investor fraud.

The businessman had been arrested in the Bahamas last week after a notification by the US authorities, who charged him with eight charges, including conspiracy to embezzle client funds.

FTX announced in mid-November that it had decided to file for the protection of Chapter 11 of the United States Bankruptcy Law to carry out in an orderly manner the process of evaluation and liquidation of assets for the benefit of the interested parties.

According to a judicial file, FTX owed its 50 largest creditors almost 3,100 million dollars (2,919 million euros).