​Caroline Ellison just flipped on SBF!

Imagine you’re living the plot of ‘Coming To America’…

But instead of coming to New York in search of true love, you’re being brought up on eight counts of fraud and conspiracy to commit fraud.

That’s the situation SBF is in right now.

Here’s what you need to know:

• On Monday, SBF suddenly waived his earlier exercised right to contest extradition.
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  (He probably wasn't loving the Bahamian prison system).
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• Two of SBF’s closest allies have just flipped on him: his co-founder Gary Wang and the ex-CEO of Alameda Research, Caroline Ellison.
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  (Crypto Twitter called it!)
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• They secured their cooperation in the investigation and pleaded guilty to their own charges (which probably = a lighter sentence for each).
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• Acting corrections commissioner, Doan Cleare, described SBF as "in good spirits” but ready to “face the music” in the U.S.

All in all, not the worst FTX-related news we've seen in the past few months.