There you have it, FTX/Alameda executives, namely Caroline Ellison & Gary Wang are "copping pleas" and pointing fingers at Sam Bankman-Fried. The executives are admitting to wrongdoing but blaming SBF for their actions. It is highly doubtful that Bankman Fried will accept this accusation lying down, and that he will likely throw the some accusations of his own.

Though it feels like an eternity, i still think we are just at the very beginning of a huge unwinding. SBF is desperate, so i think he will be more than happy to "sing like a canary" about anyone and everyone, even if it is just a rumor, just to shave time off or even escape jailtime. Anyone that has ever dealt with him in a way that could be perceived as shady. SBF may be willing to reveal potentially damaging information about others in order to defend himself in the legal dispute. it doesn't matter whether any information he reveals is true or not once it hits the mainstream media.

Overall, it seems that the legal dispute between FTX/Alameda executives and SBF may very well open pandora’s box & have widespread consequences for those involved or even associated with them, and that the we will only learn which emperor has no clothes until all the "smoke has cleared ."

*Header image courtesy of rekt news