From asking where the funds are to deriding Caroline Ellison’s trading skills, members of the crypto community reacted in a variety of ways to the executives’ announcement of their pleading guilty.

In the latest update to the FTX saga, former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang have pleaded guilty to fraud allegations and are currently participating in the investigation into former FTX CEO Sam Bankman-Fried. When the news broke, members of the crypto community shared their thoughts on the new development.

Whether it’s questioning where clients’ funds went and ridiculing Ellison’s trading skills, or wondering if executives gave inside trading information to Shark Tank star Kevin O’Leary, members of the crypto community tweeted various reactions to the guilty pleas and their reversal against Bankman-Fried.

SBF after prison

— Tiffany Fong (@TiffanyFong_) December 22, 2022
Community members asked important questions. One Twitter user highlighted an urgent request: Where’s the customers’ money? They also asked if the confession would solve this problem or if the money was already gone.

On the flip side, another Twitter user pulled Kevin O’Leary into the conversation and asked how much insider trading information O’Leary was given regarding pumped and dumped assets. According to the community member, Bankman-Fried isn’t “the big fish,” just a “sea bass.”

Meanwhile, another community member spoke about the recent alleged sightings of Ellison in New York. The Twitter user said people who saw the photos of Ellison in New York should know that the executive came to the United States under protection.

Possible sighting of Caroline Ellison. Source: Twitter
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While many raised serious questions, others took the opportunity to add some humor to the question. A Twitter user poked fun at Ellison’s trading skills, saying her guilty plea marked the first time she had used a stop-loss feature.

Internet detective Stephen Findeisen, better known as Coffeezilla, says it’s game over for Bankman-Fried. Additionally, Findeisen shared that while the Bankman-Fried partners are separated, they found a way to “fuck him one last time.”

Also Read: Alameda’s Caroline Ellison and FTX’s Gary Wang Face Additional Cheating Allegations

Despite all of this, one community member couldn’t help but be cynical about the new development. According to the Twitter user, “nothing bad is going to happen.” The user is convinced that the whole problem will soon go away, like the stories about the ocean pipeline explosions, the Las Vegas shootings and the island of Jeffrey Epstein.

Meanwhile, Ellison, who is a key witness in the FTX investigation, avoided a possible 110-year sentence thanks to a plea deal with the United States Attorney’s Office for the Southern District of New York. The former CEO of Alameda Research faces only criminal charges for tax offenses and could be released immediately after posting $250,000 bail.

Source: CoinTelegraph