Crypto Blog
The prosecution and defense teams in the criminal trial against Sam Bankman-Fried , the indicted founder and former CEO of the bankrupt cryptocurrency exchange FTX, seem to be hinged on the testimony of Caroline Ellison, the former CEO of FTX’s sister trading firm Alameda Research., both parties are seeking to prepare the jury for Ellison’s testimony, as she is considered one of the few people who know the truth about SBF due to her on-and-off romantic relationship with him.
Amid these developments, she had an unstable relationship with SBF, breaking and making up with him many times until early 2022. People who knew her said sheWhen all hell let loose in November, Ellison tearfully informed Alameda employees while sitting on the trading room carpet that the firm had misappropriated billions of FTX customer deposits and SBF’s empire was on the verge of crashing.
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