Bloomberg: Alameda CEO, FTX co-founder, and FTX engineering head have all pleaded guilty and may receive leniency for cooperating with prosecutors

ChainCatcher news, according to Bloomberg, Alameda Research CEO Caroline Ellison, FTX co-founder Gary Wang, and FTX engineering chief Nishad Singh are key witnesses in the SBF trial. All three stated that SBF instructed them to transfer billions of dollars of FTX customer funds to Alameda (a hedge fund in which SBF holds a 90% stake) for fraudulent purposes.

As part of a cooperation agreement with prosecutors, the three have pleaded guilty. Cooperative witnesses typically receive leniency, especially if they help the government convict SBF. Several criminal defense attorneys following the case have indicated that based on the testimonies of Caroline Ellison, Gary Wang, and Nishad Singh, they may not go to prison or have a very low probability of doing so.