Caroline Ellison, the former chief executive of Alameda Research, told an N.Y. court that Sam Bankman-Fried directed her to commit crimes that led up to the collapse of FTX.
Caroline Ellison, the former chief executive of Alameda Research, told a New York court that Sam Bankman-Fried told her to commit crimes that led up to the collapse of the cryptocurrency exchange FTX. Ellison identified herself on the stand Tuesday, and said that she first met Bankman-Fried when they both worked at Jane Street Group, and that the two of them later dated. When prosecutors asked her to point him out in the courtroom, she got up and said: “He’s over there wearing a suit.
Later in the year, however, he questioned the notion that at least one calculation still showed that Alameda had a positive net asset value, shortly before both FTX and Alameda filed for bankruptcy. “I’m not sure how accurate that was,” the 30-year-old Wang said in response to questions from Bankman-Fried’s lawyers. Wang pointed out that some of Alameda’s assets included Serum and FTT that were fairly illiquid if sold at large quantities.
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