Caroline Ellison, the ex-girlfriend and former top deputy of FTX founder Sam Bankman-Fried, admitted during his fraud trial to committing crimes and blamed the fallen crypto king.
Caroline Ellison, the former girlfriend and top lieutenant of Sam Bankman-Fried, admitted during the FTX founder's criminal trial that she and other executives committed crimes at the now-bankrupt crypto empire. Ellison blamed her part in the alleged fraud on Bankman-Fried. Ellison, who was head of FTX's sister hedge fund Alameda Research at the time of the exchange's collapse, took the stand as the prosecution's star witness on Tuesday.
Ellison said she met Bankman-Fried when she was an intern at New York-based trading firm Jane Street Capital, where he was a trader at the time. She said Bankman-Fried left shortly after she was promoted to a full-time trader at Jane Street, then approached her a few months later about becoming a trader at Alameda, which he had just launched.
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