Caroline Ellison was one of Sam Bankman-Fried’s top deputies and his onetime romantic partner. On Tuesday she testified that Bankman-Fried “directed me” to steal billions from customers of his cryptocurrency exchange.
Ellison ran day-to-day operations for Alameda Research, a crypto trading firm also controlled by Bankman-Fried. She said Alameda took “around $14 billion” from FTX customers to repay debts Alameda had accumulated.
She said she also sent information to Alameda’s lenders “from Sam” that made Alameda’s balance look better than it was.
The crimes she said she committed at Alameda weren’t done on her own. “They were committed with Sam. … He directed me to commit these crimes.”
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