Gary Wang, co-founder and CTO of FTX; Caroline Ellison, CEO of Alameda; and Nishad Singh, FTX head of engineering, all pleaded guilty to charges a month after the crypto exchange and sister company’s downfall in November 2022. In recent weeks, all three parties took the stand to testify against Sam Bankman-Fried at his trial in … Read more
Caroline Ellison’s testimony at Sam Bankman-Fried’s trial spread into a second day, digging deep into the state of crypto trading firm Alameda Research’s faulty balance sheets. “We were in a bad situation,” Ellison said, referring to the time period between May and June 2022. “[We were] concerned if anyone found out it would all come … Read more
Caroline Ellison, former chief executive officer of Alameda Research LLC, exits court in New York, US, on Tuesday, Oct. 10, 2023. Yuki Iwamura | Bloomberg | Getty Images Caroline Ellison, who ran Sam Bankman-Fried’s crypto hedge fund while also dating the FTX founder, told jurors in her second day of testimony that one way her … Read more
Photo: Bloomberg (Getty Images) Sam Bankman Fried allegedly entertained a plan to raise capital from Saudi Crown Prince Mohammed bin Salman, according to former Alameda CEO Caroline Ellison in her testimony on Wednesday. Will More Celebs Continue to Join Crypto? | Gizmodo Interview It’s one of many bombshells dropped by Ellison on the second day … Read more
Caroline Ellison, the former head of Sam Bankman-Fried’s crypto hedge fund and the government’s star witness in the criminal fraud case against the FTX founder, testified Tuesday that she and her ex-boss defrauded customers, investors and lenders. “Yes, we did,” Ellison said, when Danielle Sassoon, assistant U.S. attorney, asked if she committed a crime. “I … Read more
Caroline Ellison, the ex-CEO of Alameda Research, took the stand as the fifth witness for the prosecution in Sam Bankman-Fried’s six-week trial, claiming that the former FTX CEO directed her to commit fraud and money laundering crimes. Ellison added that while she ran Alameda, she took several billion dollars from customers to invest in other … Read more