SBF Arrest News: Much anticipated arrest of collapsed FTX’s former CEO Sam Bankman-Fried has aired many speculations in the crypto market. However, Once hailed as the savior of the digital asset industry, SBF now facing multiple charges of fraud and money laundering. Meanwhile, it is expected that Caroline Ellison might be helping authorities to prove some charges on FTX ex CEO.
Is SBF nabbed due to Caroline?
Charles Gasparino, a FOX Business journalist stated that there are speculations in legal circles that Caroline Ellison, former CEO of Alameda Research is looking for a specialized lawyer. He suggested that Caroline is hiring politically connected WilmerHale.
He added that WilmerHale holds deep ties to the Manhattan US Attorney’s office. While it is knowns for plea deals. Caroline’s this move suggests that she is likely to cooperate with the prosecutors to turn against SBF.
John Deaton, XRP holders’ lawyer has dropped his claims over SBF arrest and charges pressed against him. He suggested that money laundering charges are 100% pressed on SBF due to Caroline’s cooperation.
XRP lawyer mentioned that for convicting the former CEO of wire fraud and other charges authorities didn’t need much help. However, for the proving money laundering charges, they’ll need Caroline’s cooperation and testimony.
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