SBF Arrest: XRP Lawyer Hints Of Caroline Testifying Against SBF

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.

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 SBF of wire fraud and other charges authorities didn’t need much help. However, in order to prove money laundering charges, they’ll need Caroline’s cooperation and testimony.

Why are they turning on to each other?

SBF and Caroline are the two executives that came into the center of the horrible crash of the FTX crypto exchange. However, it seems now that both of them are turning on each other.

It is expected that Ellison is willing to flip on Sam over his pushed blame of missing $8 billion in customer money.

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Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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