Sam Bankman-Fried lands in U.S. as Caroline Ellison and Gary Wang plead guilty to fraud

Two FTX executive plead guilty to fraud in the FTX collapse case which is alleged to be a fraud scheme as investor funds where used in an unlawful way which has led thousands of investors losing their money and which undermined the Crypto market in general.

They potentially face maximum prison sentences of 110 years and 50 years respectively if convicted on all charges.

It looks as they both fully cooperate with the prosecutors and are probably doing this out of their own interest to reduce these long potential prison times.

That would mean that  Sam Bankman-Fried (SBF) will be on the receiving end of the blame-game which occurs in cases when such schemes come crushing down on its players.

What do you think will be the final outcome of everyone throwing SBF under the bus?


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