He had also asked Ellison to put FTT on Alameda’s balance sheet to secure loans from Genesis.investment branch Alameda Research, continued into 11 October. The testimony has shed light on what went on behind closed doors at these two intertwined entities.owned FTX stocks worth $2 billion. FTX founder Sam Bankman-Fried “SBF,” who also happens to be Ellison’s ex, wanted to buy those stocks back in 2021.
At no point did FTX disclose Alameda’s line of credit to its customers, investors, or auditors, Ellison confirmed.