Caroline Ellison, star witness in prosecution of FTX head Sam Bankman-Fried, is in court

Caroline Ellison, the star witness in the prosecution of former FTX co-founder Sam Bankman-Fried, is in court in New York and is expected to take the stand Tuesday. Ellison was the co-CEO of Alameda Research, the crypto trading firm that was affiliated with the FTX exchange. She's also Bankman-Fried's ex-girlfriend. She is testifying shortly after FTX co-founder Gary Wang, also a witness for the prosecution.

The Securities and Exchange Commission said in December that, at Bankman-Fried's direction, Ellison manipulated the price of a digital token that FTX had issued, and then used it as collateral for undisclosed loans that Alameda took from FTX. That means Alameda, the trading firm, was secretly using the money of FTX customers to cover losses it had sustained.

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Sam Bankman-Fried trial: Caroline Ellison, ex-girlfriend of FTX founder, to testifyBarnini Chakraborty is the senior investigations reporter at the Washington Examiner. She has previously worked at Fox News as a senior features and politics reporter. She's also worked at Fox Business as a field producer and at Dow Jones. She began her career at the Augusta Chronicle in Georgia.
Source: dcexaminer - 🏆 6. / 94 Read more »

Caroline Ellison, Sam Bankman-Fried's ex-girlfriend, to take center stage in crypto trialBarnini Chakraborty is the senior investigations reporter at the Washington Examiner. She has previously worked at Fox News as a senior features and politics reporter. She's also worked at Fox Business as a field producer and at Dow Jones. She began her career at the Augusta Chronicle in Georgia.
Source: dcexaminer - 🏆 6. / 94 Read more »