Caroline Ellison Tears Up, Admits to Lies at Sam Bankman-Fried Trial

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Caroline Ellison Tears Up, Admits to Lies at Sam Bankman-Fried Trial
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The FTX founder’s ex-girlfriend was grilled on why she texted him that she was in “the best mood” as the crypto exchange was imploding.

Caroline Ellison took the stand for the second day in the trial against her former boss and ex-boyfriend, FTX founder

At one point during her questioning, prosecutors pulled up a screenshot of messages she and Bankman-Fried exchanged around the time FTX was imploding, in which Ellison wrote, “this is the best mood I’ve been in in like a year.” In November 2022, at the time she sent the message, Bankman-Fried was also confused by her tone. “Wow,” he wrote, along with “uh” and “congrats?”Ellison elaborated that, after months of lying about the financial health of FTX and Bankman-Fried’s crypto hedge fund, Alameda Research, she was glad that the end was nearing “one way or another.”

The company had tried a different approach, she said—shifting money to accounts linked to Thai sex workers, though the gambit failed.

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