Did Alameda CEO Snitch on Sam Bankman-Fried?

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Last Updated on 6 November 2023 by CryptoTips.eu

As worldwide media (and us) reported yesterday, FTX founder Sam Bankman-Fried was arrested in the Bahamas and has by now been accused of multiple offences which carry long prison sentences in the USA. In fact, the  SEC (Securities and Exchange Commission) alleges that Bankman-Fried engaged in a “years-long” scheme to defraud investors.

The turning of events is remarkable as just last week Bankman-Fried gave an interview to the New York Times dealbook forum and did a media round with other platform as well.

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Plea deal

Therefore, crypto Twitter has been wondering what happened all of a sudden? Why did the authorities wait so long to arrest SBF and why now? The answer may lie in a picture of Caroline Ellison, the former CEO of Alameda Research. Last we heard officially she was still in HongKong when FTX imploded. But the popular anonymous Twitter account @AutismCapital showed her in Manhattan, New York just a few days ago, ordering a coffee.

Strangely enough, that coffee shop is located not too far from the FBI’s New York City office.

Analysts now claim that Caroline Ellison may have turned on Sam Bankman-Fried and entered what is known as a plea deal in order to avoid prison time herself. In other words, she told authorities about all the shady stuff that went on at both FTX and Alameda in order for them to arrest SBF while she will likely stay out of jail.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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