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Alameda Research, the sister company of FTX, bribed a Chinese government official and even used the identities of Thai prostitutes to unlock $1 billion of frozen funds on other digital currency exchanges, according to the testimony of Caroline Ellison, the ex-girlfriend of disgraced FTX CEO Sam Bankman-Fried.
Caroline Ellison, former chief executive officer of Alameda Research LLC, exits court in New York, US, on Tuesday, Oct. 10, 2023. Photographer: Yuki Iwamura/BloombergEllison first described that they tried a lawyer but were unsuccessful. Then, they tried to use the identification of Thai prostitutes to create accounts on those exchanges to get the funds released. At that point, Bankman-Fried, who was initially against using cash payments, agreed to bribe the unknown Chinese official.
To mask the bribe on official documents, Ellison listed the payment on a line item on “State of Alameda” documents as under “notable/idiosyncratic pnl stuff,” and “150m from the thing?”
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