sandbagged

Former Alameda CEO Caroline Ellison explains how FTX hid losses, sandbagged lenders

by

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

McConnell jokes to Biden he acquired ‘sandbagged’ after freeze episode

by

Senate Minority Chief Mitch McConnell (R-Ky.) joked Wednesday night that he acquired “sandbagged” when he froze for an prolonged time frame whereas delivering remarks to open a press convention earlier within the day. McConnell advised reporters that President Biden known as to examine in on him after the episode. “The president known as to examine on me. … Read more