The conspiracy theory that SBF is now an agent of US intelligence is supported by the facts and his actions since pleading “not guilty” in a Manhattan courtroom. The DOJ normally takes no prisoners in its prosecutions, unless a secret deal has been reached.
From a historical perspective, the DOJ investigations of Donald Trump have been as restrained a legal action as you will ever see, because he’s so connected to right-wing militias (which intelligence agencies view as an asset), but the DOJ still went after him to some extent for his malfeasance. SBF has the same criminal credentials, but with even more value to US intelligence, so he’s been treated with kid gloves by the DOJ & the corporate media because they’re all tied-in to the CIA Democrats.
The dictatorship of finance capital can be clearly observed in crypto. SBF & Co. have surely made secret deals, as they are being integrated into US intelligence to help move dark money to Ukraine, etc. Thus, none of the defrauded customers will see a penny of the $5B in assets the US government has claimed to have recovered (so far) in the FTX fallout.
Republicans have now setup a new committee to bail out this distressed “asset class” known as crypto, and as a result of this activity, bitcoin has moved up by ~$2K in the past few days.