If the charges include manipulating the prices of TerraUSD and Luna earlier in the year - that ironically probably caused the FTX implosion, it's hard how to see Caroline Ellison as head of Alameda wasn't heavily involved in major criminal activities.
https://www.nytimes.com/2022/12/07/business/ftx-sbf-crypto-m...
Getting one of two culpable people to testify against the other and let them off the hook seems a dreadfully lazy approach to prosecution.