While the FTX implosion was significant, he in no way represents crypto. At its peak FTX was valued at 32b and down to 18b just a few months later. Bitcoin alone is valued at 325 billion even in this bear market. If bankers were concerned about crypto gaining ground, they would not even cheer on this, as this is good for crypto: the more scammers who get locked up, the less there will be in the future, and the more people will know how to hold their crypto

He already did in April of 2021. It all boils down to the documentation available at this point. It's very easy to know that he was guilty of fraud, but you have to be able to prove it as well. If they have concrete emails/chatlogs where he admits anything, he is toast. If not, he will probably get a slap on the wrist for incompetence.