Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.
Before she worked at Alameda Research, Caroline Ellison did not think she’d break the rules of morality and also accounting. Of course, this was also before her ex-boyfriend and boss Sam Bankman-Fried convinced her that such mores were worth bending for the greater good.
, a CoinDesk newsletter bringing you daily insights from inside the courtroom where Sam Bankman-Fried will try to stay out of prison. Want to receive it directly? “I didn’t want Genesis or others to know Alameda owed money to FTX,” she said. Throughout Wednesday, she repeated what that really meant: Alameda owed money to FTX’s customers. It had taken their money to help it make money to help make Sam the money he needed to help save the world.
Sitting in the courtroom hearing this, Sam – who was tapping away at his computer when Caroline later broke out in tears – shook at his highest frequency yet.
During a back-and-forth after the jury left the room, Judge Kaplan again took aim at arguments advanced by the defense. Cohen and his team asked for permission to bring up artificial intelligence firm Anthropic’s recent fundraising news , saying it speaks to questions of portfolio investing. Prosecutors objected, saying the current value of Anthropic’s stock is immaterial to whether or not Bankman-Fried misappropriated customer funds, a view Judge Kaplan agreed with.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LIVE: Caroline Ellison, Ex-Alameda CEO and SBF's Ex, Takes the StandDanny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.
Read more »
Caroline Ellison tells court that SBF directed her to commit crimesFormer Alameda Research CEO Caroline Ellison said Sam Bankman-Fried directed her to commit crimes that eventually led to their downfall.
Read more »
SBF Trial Today: Live Updates as Caroline Ellison Takes the StandFormer Alameda Research CEO Caroline Ellison is set to testify today at Sam Bankman-Fried's fraud trial over the failure of crypto firm FTX. Wall Street Journal reporters will bring you live updates.
Read more »
Caroline Ellison Testifies in SBF Trial: 5 TakeawaysThe prosecution's star witness in the criminal fraud trial of FTX co-founder Sam Bankman-Fried said Alameda Research took “around $14 billion” from clients.
Read more »
Inside the trial: Caroline Ellison dishes on SBF's unyielding hunger for capitalEllison's testimony paints a picture of Bankman-Fried as willing to do anything to secure billions in capital — even risk his empire.
Read more »
Key witness in trial, Caroline Ellison says SBF was always in chargeThe longtime executive in Bankman-Fried's companies and his former romantic partner, has probably been the most hotly anticipated witness in the case.
Read more »