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A few hours before the judge was supposed to decide what would happen to Ellison, people on the decentralized forecast site Polymarket bet over $153,670 on a market called "No Prison Time" in the "Caroline Ellison prison time" area. Over 45% of users think Ellison will not go to jail after her plea deal with U.S. officials in the FTX trial against crypto figure Sam Bankman-Fried. With 24% of the bets, the second-largest group thought that Ellison could get up to two years in jail. 39% thought that Bankman-Fried's ex-girlfriend and former Alameda head would get 11 months in prison.
The former FTX executive's lawyers have asked the judge to let him go on controlled release and not give him any jail time. Earlier this month, Ellison's lawyers said that her collaboration with federal officials was a big reason why SBF was found guilty.Ryan Salame, another former FTX top shooter, questioned the notion, but off the field. In his social media remarks, Salame blamed Ellison and other former employees for minimizing their responsibilities in the firm's collapse.
Sentencing for Ellison was set on September 24. He would be the first FTX executive to get a ruling, save for Bankman-Fried. Gary Wang and Nishad Singh are among the other ex-members of SBF's inner circle who are awaiting punishment as well. In the meantime, Bankman-Fried's attorneys challenged Judge Lewis Kaplan's 25-year sentence by claiming judicial prejudice in his most recent appeal. SBF has claimed in his court papers that he had no malicious intent and is therefore entitled to a fresh trial.In what is generally regarded as one of the biggest fraud cases in U.S. history, Judge Kaplan found SBF guilty of cheating FTX consumers and investors of more than $8 billion. It was an unjust trial, and SBF was already found guilty, says SBF's new lawyer.
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A web 3 girl living in a web 2 world.