Caroline Ellison was Sam Bankman Fried's deputy and onetime romantic partner. On Tuesday she said she committed crimes at Bankman-Fried's direction.
Caroline Ellison was one of Sam Bankman-Fried’s top deputies and his onetime romantic partner. On Tuesday she testified that Bankman-Fried "directed me" to steal billions from customers of his cryptocurrency exchange.
Caroline Ellison arrives to testify during the trial of former FTX Chief Executive Sam Bankman-Fried. Reuters TV via REUTERS Bankman-Fried "was the one who set up these systems," Ellison said of Alameda's ability to tap into FTX customer deposits. Bankman-Fried’s team could try to pin some blame on Ellison too. His defense attorney argued last week that when Bankman-Fried became concerned about crypto prices going down, he urged Ellison to put on a hedge. Yet she didn’t do it, according to the attorney."She continually avoided talking about risk management — dodging my suggestions — until it was too late," Bankman-Fried wrote, according to the New York Times.
Gary Wang testifies during the fraud trial of Sam Bankman-Fried in this courtroom sketch. REUTERS/Jane Rosenberg "I mean, either from Alameda's FTX account or from Alameda's accounts elsewhere, but either way, the money — all the money came from FTX customers," Wang said.Former FTX developer Adam Yedidia leaves after testifying during the trial of former FTX CEO Sam Bankman-Fried.
Bankman-Fried’s defense attorney questioned Wang about FTX’s assets versus liabilities at the time of the tweet: "Didn’t you tell the government it was true because FTX was solvent?"Click here for the latest crypto news, updates, values, prices, and more related to bitcoin, ethereum, dogecoin, DeFi, and NFTs -- Morocco is lobbying to regain an investment-grade credit score from S&P Global Ratings, vowing to keep its budget deficit in check despite massive new spending commitments...
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